halfcenturyup
Well-Known Member
- Joined
- 12 Oct 2009
- Messages
- 12,114
No because it says, expressly, "X.37 Subject to the provisions of sections 67 to 71 of the Act, the award shall be final andbinding on the parties and there shall be no right of appeal. There shall be no right of appeal on a point of law under section 69 of the Act."
Legal stuff is always a mystery to me. What is the position of the arbitration panel in English law?
For example, does the decision of the arbitrators set a precedent on a point of complicated competition law that the courts have to follow in future? If it does, isn't it weird that the decision can be taken solely by arbitrators (what happens in a later case on the same issues if an actual court contradicts the arbitrators' decision?) and if it doesn't, shouldn't there be an appeal possible to obtain such ratification?
I am pretty sure it doesn't really matter. They will come to a justifiable decision. But it all seems strange to me.