Part V of Act II of 1996 international commercial arbitration in Malta

Abstract

With the gradual removal of trade and political barriers, trade and commerce on the international stage continues to grow. Consequently, the future is bright for international commercial arbitration as a vehicle for the settlement of disputes. As a viable alternative to the many domestic court systems around the world, it offers a number of irrefutable attractions to the international business community. Its appeal is worldwide and growing. It follows that the future can also be bright for Malta in the field of international commercial arbitration. Although to date, international commercial arbitration in Malta is still at its inception, it has a legislative framework that is in conformity with international standards. "Part V of Act II of 1996: International Commercial Arbitration in Malta" is intended primarily for practitioners and prospective users of international commercial arbitration in Malta who are perhaps coming to the subject for the first time. It is therefore intended to illustrate that Malta is part of that community of states with a feasible arbitration law that is understandable and easily accessible for the local as well as for the foreign practitioner. Its aim is to give, amongst other issues, a complete overview of the law governing international commercial arbitration in Malta as well as proposing a draft model of rules for international arbitration of the Malta Arbitration Centre.