CIArb Well Placed to Provide Arbitral Services to New Regulatory Body

Further to the recent publication of the Leveson Report, “An inquiry into the culture, practices and ethics of the press”, the Chartered Institute of Arbitrators (CIArb) is well placed to provide arbitral services to a newly created independent regulatory body.

In his report published on 29 November 2012, Lord Justice Leveson proposed the use of arbitration as an “essential component” in resolving civil disputes involving the press and the establishment of an independent press regulatory body underpinned by statute, to replace the current self-regulated body the Press Complaints Commission.

As an independent, not-for-profit, UK registered charity working in the public interest, CIArb appoints Arbitrators to solve disputes across the business community, using specialist Panels of experts with ‘high reputation and ability’ who can act as Arbitrators within a framework of independence, integrity and impartiality.

With this immediate access to professional dispute resolvers of the calibre and standing required for such a high profile initiative, the newly created body could draw on the experience of a leading, global institution such as CIArb.

CIArb would like to extend its support to an effective, cost-only arbitral process as part of a newly created regulatory body.

The Rt Hon Sir Anthony Evans, FCIArb, C.Arb and panel member of CIArb’s Dispute Appointment Service (DAS) said: “I welcome this opportunity for an experienced arbitration body such as CIArb to demonstrate that Lord Justice Leveson`s aim of a specialist and independent body “striking out unmeritorious claims and quickly resolving the others” can readily be achieved by combining the established principles of arbitration with the flexible procedures permitted by the Arbitration Act 1996.

“Existing procedures for appointing arbitrators and for administering the arbitrations can be adapted as necessary. Overall supervision by the Courts will ensure that procedures are fair to both parties and the outcome just. The result could be a major contribution to the development of arbitration as a primary method of dispute resolution, and to the governance of our society.”

For further information, please contact:
Lucy Chakaodza
Communications and PR Executive
E: LChakaodza@ciarb.org
T: 020 7421 7473