Arbitration Agent: Frequently Asked Questions
The role of Arbitration Agent is similar to a Process Agent, receiving documents in connection with arbitration proceedings and receiving court notices under contracts where an independent party is needed.
Here Olivia Miles, Head of Service of Process at Law Debenture answers some frequently asked questions about the role of arbitration agent.
What is an arbitration agent
An arbitration agent acts similarly to a process agent, receiving documents in connection with arbitration proceedings where an independent party is needed where the appointing party is not located in the jurisdiction of the governing law of the relevant contract.
When do you need an arbitration agent
An arbitration agent is needed when executing an international transaction, where an arbitration clause is included in the contract and one or more of the parties does not have a physical presence in the country of the governing law of the contract.
Can Law Debenture act as both process agent and arbitration agent
Yes. Law Debenture is regularly appointed as both process agent and arbitration agent for the same transactions. Separate appointments for each role are required to be enable us to accept and forward documents issued in respect of court and arbitration proceedings
How to appoint an arbitration agent
To appoint lawdeb as arbitration agent or process agent contact sop@lawdeb.com where our experts can provide appointment letters and fee scales.
Why appoint lawdeb as arbitration agent
Our expert team serve clients in over 200 countries and provide a personalised service with straightforward appointment process and competitive pricing including combined fees for joint process agent and arbitration agent appointments.
What is the difference between a process agent and arbitration agent
A process agent accepts service of process in respect of court proceedings in the relevant jurisdiction whereas an arbitration agent accepts service of arbitration proceedings in the relevant jurisdiction.
LawDeb’s dedicated Process Agency business also acts as Arbitration Agent and we can take on both roles for the same transactions. We can provide this service for a UK Arbitration Agent from our UK, Hong Kong or New York offices.
Reach out to Olivia Miles or Jessica Dennis for more details.
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