Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Consolidation definition

What does Consolidation mean? In company law, consolidation (also called a share consolidation or reverse share split) is a share capital reorganisation in which a company combines existing shares into a smaller number of shares with a higher nominal value, typically without changing the aggregate nominal value of the issued share capital or shareholders’ proportional interests (subject to fractional entitlements). Example: five 5p shares become one 25p share. The power to consolidate shares is provided by legislation (Companies Act 2006 in the UK and Companies Act 2014 in Ireland) and is usually exercised by ordinary resolution, with implementation by the board in...

Consolidating Construction Arbitrations: Managing Multi-Party and Multi-Contract Disputes, Avoiding Parallel Proceedings, and Drafting Effective Arbitration Agreements

Published by a LexisNexis Construction expert

Practice notes

This Practice Notice explores how several causes of action can be brought together and resolved within one Arbitration, with a particular emphasis on construction Disputes. See also Practice Note: Multi-party and multi-contract arbitration—an introduction.

Multi-party/multi-contract disputes

Construction matters frequently include more than two participants. Typically, an employer contracts with a main contractor, who in turn sub-contracts elements of the works to various sub-contractors. Consequently, a web of linked construction contracts exists between different parties on a single project. When disagreements arise, multiple potential claims may sit under the separate contracts. A single dispute may draw in the employer, the main contractor, and several sub-contractors, suppliers and consultants.

Where every contract falls within the court’s jurisdiction, the Civil Procedure Rules provide a straightforward route: the court will gather the connected claims into one set of proceedings through Consolidation. By contrast, if some or all contracts contain an arbitration agreement, the court or tribunal cannot do so without...

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Web page updated on 21/05/2026

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