Part of Arbitration Bill [Lords] – in the House of Commons at 3:20 pm on 11 February 2025.
Josh Babarinde
Liberal Democrat Spokesperson (Justice)
3:20,
11 February 2025
I thank everyone to whom the Minister rightly gave recognition, particularly the behind-the-scenes officials whose work we do not often see, but without whom such landmark legislation would not be possible.
The Liberal Democrats welcome the Arbitration Bill, inasmuch as it represents a significant step forward in modernising and enhancing the arbitration process in the UK. With over 5,000 arbitrations a year in England and Wales, worth about £2.5 billion a year to the economy in fees alone, arbitration has long been a critical alternative to traditional court proceedings, providing a more efficient, cost-effective and flexible way to resolve disputes.
One of the Bill’s key merits is its effort to streamline the arbitration process, which can be complex and protracted. By introducing these clearer guidelines and enhancing the powers of arbitrators, the Bill will help us to secure quicker resolutions, reducing delays and backlogs in the justice system. This is crucial for businesses that seek fast and decisive outcomes to disputes.
Of course, arbitration is part of a wider family of alternative dispute resolutions that help to take pressure off our courts. Recognising this, I pay tribute to legal professionals and firms in Eastbourne that work day in, day out, to facilitate many of these alternative dispute resolutions, including Heringtons, Cramp & Mullaney, Hart Reade, Gaby Hardwicke, Stephen Rimmer, SO Legal, Hobson & Latham, Mayo Wynne Baxter, Lawson Lewis Blakers, Cornfield Law, McCarthy Webb—whose services I have used—and many more.
We are pleased to support this Bill for the reasons that I and many other Members have discussed. It will ultimately help to position the UK as an attractive destination for global arbitration, reinforcing its status as a leading centre for business and legal expertise, whether we are talking about the financial capital of the UK or the sunshine capital of the UK, Eastbourne, with its legal expertise, to which I have just alluded.
The Liberal Democrats are pleased to back this Bill, and I am proud to support it.
Question put and agreed to.
Bill accordingly read the Third time and passed.
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