Arbitration Act 1996 (UK)

The Arbitration Act 1996 is a UK law that provides a framework for resolving disputes outside of traditional court systems through arbitration. In arbitration, an independent third party, called an arbitrator, is appointed to make a binding decision on the matter. The Act sets out the rules and procedures for arbitration, ensuring fairness and efficiency. It covers aspects like the powers of arbitrators, the rights of parties involved, and how awards (decisions) can be enforced. Overall, it aims to make the arbitration process clear and predictable, offering an alternative to lengthy court battles.