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PRACTICAL SUGGESTIONS FOR RESOLVING …

PRACTICAL SUGGESTIONS FOR RESOLVING DISPUTES IN BAD MARKET TIMES By CLIVE ASTON LMAA Arbitrator The principles that govern the efficient handling of claims in bad market times are really no different to those that apply at any other time, except that when money is tight it becomes even more important to find ways of bringing disputes to a quick and successful solution at as low a cost as The intention of this paper is to offer a few tips (the top ten ) of ways to help achieve this and a brief insight to some of the more PRACTICAL aspects of london arbitration. 2 1. Know your time bar There is no value in a claim that is time barred. The LMAA terms that apply to most london maritime arbitrations do not impose any time bar for the commencement of arbitration proceedings. Time bars are to be found either in express terms of the contract or in general English contract law.

2 1. Know your time bar There is no value in a claim that is time barred. The LMAA terms that apply to most London maritime arbitrations do not impose

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  Practical, Maritime, London, Suggestions, Resolving, Practical suggestions for resolving, London maritime

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