Seanad debates

Thursday, 11 February 2010

Arbitration Bill 2008: Second Stage

 

12:00 pm

Photo of Dan BoyleDan Boyle (Green Party)

The economy is very dependent on international trade and exports have increased during a period of economic difficulty. It is important that exporters can benefit from changes in international law by availing of the most beneficial terms of trade and avoiding the judicial process both in Ireland and in another country where a dispute with a trading partner might arise. This Bill is a consolidation law replacing the Arbitration Acts 1954 and 1980 and the Arbitration (International Commercial) Act 1998. I presume dealing with consolidated legislation will be of assistance to both solicitors and barristers in the future. I note the presence in the Chamber of practitioners of those arts.

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