Did the Arbitration Act of 1996 contribute to making London a major venue for arbitration dispute settlement?
Maples: The impact of the Arbitration Act 1996 in promoting England and London, in particular, as a center for international arbitration should not be underestimated. Prior to the Act, the sources of English arbitration law were scattered amongst the case law and in various statutes. The Act consolidated these sources. Secondly, the Act clearly set out the principles underlying English arbitration law and brought it much closer to internationally accepted practice, for example, by limiting the jurisdiction of the English courts to intervene in the arbitral process. This was welcomed in the arbitration community, as a recognition of party autonomy: parties choose arbitration because they want their disputes resolved by arbitration, not by state courts. Editor: A recent case, Fiona Trust , has been regarded as further promoting arbitration in England. Please explain the background of the case and the language of the decision by the House of Lords. Maples: The case was heard by the House
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