This article has been updated following Australia becoming a signatory to the Mauritius Convention on 18 July 2017, discussed below.
Last week the Civil Law and Justice Legislation Amendment Bill 2017 (Cth) (Bill) was introduced into the Senate and received its second reading speech. The object of the Bill is to ‘make minor and technical amendments to civil justice legislation’ and it proposes amendments to various Commonwealth legislation including the International Arbitration Act 1974 (Cth) (IAA). A closer inspection of the proposed amendments to the IAA reveals that the relevant amendments to the IAA are anything but ‘minor and technical’.
Case notes, updates and key developments in Australian commercial litigation.
Showing posts with label arbitration. Show all posts
Showing posts with label arbitration. Show all posts
Monday, 21 August 2017
Monday, 10 August 2015
Impacts of a sluggish court system
Greece is in trouble. It is being pressured to implement a number of reforms as part of negotiations for various forms of debt relief.
One of those reforms is an overhaul of its courts system, which is viewed as being slow, inefficient, and a handbrake on commerce. For example, the World Bank reported this year that it took on average over four years to enforce a contract in Greece (compared to an OECD average of 1.5 years).
Does Australia have anything to worry about?
One of those reforms is an overhaul of its courts system, which is viewed as being slow, inefficient, and a handbrake on commerce. For example, the World Bank reported this year that it took on average over four years to enforce a contract in Greece (compared to an OECD average of 1.5 years).
Does Australia have anything to worry about?
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