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PIcArbs

Don't Litigate ... Arbitrate

PIcArbs

Don't Litigate ... Arbitrate

The PIcArbs Rules

The PIcArbs Rules are monitored and amended by a pan industry Rules Committee:

The Rules Committee meets twice a year. It consists of experienced representatives from: defence legal firms, MASS, APIL, FOIL, Allianz ATE, Sabre Insurance, the QC Panel of arbitrators, a mediator and a Professor of Arbitration Law. It is chaired by the PIcArbs Registrar.

The PIcArbs Rules:

  • PIcArbs arbitrations are run under the Arbitration Act 1996
  • The PIcArbs Rules create a simple and fair system
  • Pleadings are the same as in litigation
  • The parties have control over the procedure and can agree whatever procedure and directions they like
  • The Arbitrator resolves issues when they arise at the parties request
  • The procedure is similar to that in the civil courts, the Civil Procedure Rules guide the process save that the PIcArbs Rules expressly exclude the worst of Lord Justice Jackson’s reforms, for instance the overriding objective is solely justice between the parties not the convenience of the Courts
  • No compulsory case management hearings and no costs budgeting
  • Neutral Evaluation and joint settlement meetings settle 95% of arbitrations
  • The time taken to get to trial is shorter. Here is a flowchart for a PIcArbs Arbitration
  • Costs orders are the same as those made in civil courts
  • The settlement or final award is enforceable through the courts

Download the PIcArbs rules here.

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