International Arbitration 2.0

On 13 April 2016 cabinet approved the draft International Arbitration Bill. On 28 April 2016 the Bill, together with its explanatory memorandum, was published in the Government Gazette. The International Arbitration Bill will shortly be introduced into Parliament.

29 Apr 2016 1 min read Dispute Resolution Alert Article

The International Arbitration Act, as the Bill will be known once in force, will replace the 51 year old Arbitration Act, 1965 in respect of International Arbitrations. The most fundamental change that will be ushered in by the International Arbitration Act will be the incorporation of the UNCITRAL Model Law on International Commercial Arbitration into South African law. The Model Law, prepared under the auspices of the United Nations Commission on International Trade Law, is designed to assist States in reforming and modernizing their laws on arbitral procedure. It assists States to develop their arbitral procedure in step with the particular features and specific considerations at play in international commercial arbitration.

The International Arbitration Act will align South African International Arbitration Law with international best practice and should go a long way to establishing South Africa as a venue of choice for international arbitrations.

Details as to the advancements made by the International Arbitration Bill will be addressed in a further publication. Watch this space!

The information and material published on this website is provided for general purposes only and does not constitute legal advice. We make every effort to ensure that the content is updated regularly and to offer the most current and accurate information. Please consult one of our lawyers on any specific legal problem or matter. We accept no responsibility for any loss or damage, whether direct or consequential, which may arise from reliance on the information contained in these pages. Please refer to our full terms and conditions. Copyright © 2024 Cliffe Dekker Hofmeyr. All rights reserved. For permission to reproduce an article or publication, please contact us