CIAC To Boost Cayman Arbitration Processes

When it enacted the Arbitration Law 2012, the Cayman Islands adopted a modern arbitration statute based on the UNCITRAL Model Law on International Commercial Arbitration 1985 (as amended in 2006) and the English Arbitration Act 1996. The legislation supports and protects party autonomy and establishes three fundamental principles: the fair resolution of disputes by an impartial tribunal without undue delay or expense; limits on the scope for court intervention; and flexibility for parties to agree on how their dispute is to be resolved.

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