№ files_lp_3_process_9_26979
Standard arbitration clause establishing fast track and tribunal procedures for insurance and reinsurance contractual disputes under ARIAS (UK) rules, specifying governing law, seat, jurisdiction, and language.
Year: 2024
Date: 21 October 2024
Organization: ARIAS (UK)
Document type: Arbitration clause
Subject: Arbitration procedure for insurance and reinsurance disputes
Applicable rules: ARIAS (UK) Arbitration Rules; ARIAS (UK) Fast Track Arbitration Rules (AFTAR)
Monetary threshold: US$500,000 or currency equivalent (unless otherwise agreed)
Seat of arbitration: London, England
Governing law: English law
Supervisory jurisdiction: Courts of England & Wales
Language of arbitration: English
Industry focus: Insurance and reinsurance
Arbitrator qualifications: Minimum ten years’ experience in insurance or reinsurance industry or as legal or professional adviser to the industry
Price: 8 / 10 USD
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