1 Arbitration Agreements:
1.1 What, if any, are the legal requirements of an arbitration agreement under the laws of Bermuda?
Other than requiring that it must be in writing, Bermuda’s arbitration statutes do not require any specific form or format for an arbitration agreement. It may take the form of a clause contained in a contract or in a separate agreement signed by the parties or evidenced by an exchange of letters or other means of communication. Article 7(2) of the Model Law (which applies in Bermuda – see question 2.1 below) expressly provides that an arbitration clause contained in another document may be incorporated by reference to it.
Originally published by Global Legal Group Ltd. on July 29, 2014.
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Topics: Arbitration, Arbitration Agreements, Arbitration Awards, Choice-of-Law, Confidentiality, Contract Drafting, Cross-Border, Enforcement, Evidence, International Arbitration, Jurisdiction, Remedies, Rules of Civil Procedure, Tribunals
Published In: Alternative Dispute Resolution (ADR) Updates, General Business Updates, International Trade Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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