*/
Arbitration – Jurisdiction. The claimant agreed to purchase iron ore from the defendant, pursuant to a contract, which contained, as a condition precedent, pre-arbitration conciliation steps, the first being time-limited friendly discussion between the parties. A dispute arose under the contract, which the defendant referred to arbitration. The claimant applied, pursuant to s 67 of the Arbitration Act 1996 for an order that the tribunal had lacked jurisdiction. The Commercial Court, dismissing the application, held that the arbitral tribunal had jurisdiction to hear and determine the claim because the condition precedent to arbitration had been satisfied.
Arbitration – Jurisdiction. The claimant agreed to purchase iron ore from the defendant, pursuant to a contract, which contained, as a condition precedent, pre-arbitration conciliation steps, the first being time-limited friendly discussion between the parties. A dispute arose under the contract, which the defendant referred to arbitration. The claimant applied, pursuant to s 67 of the Arbitration Act 1996 for an order that the tribunal had lacked jurisdiction. The Commercial Court, dismissing the application, held that the arbitral tribunal had jurisdiction to hear and determine the claim because the condition precedent to arbitration had been satisfied.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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