Business Arbitration Scheme
If you have a small business, the time and cost of going to court can often be prohibitive. Disputes can also affect professional reputation and working relationships.
Ciarb’s Business Arbitration Scheme (BAS) provides simple, cost-effective and timely resolution for disputes with a value between £5,000 and £100,000.
This well-established scheme has helped small businesses across the country to resolve their disputes efficiently and effectively.
The Business Arbitration Scheme is:
- Cost-effective
BAS charges a fixed fee and the amount recoverable in legal fees is limited to £1,000. This gives certainty on cost and prevents the parties in dispute from incurring high legal costs.
- Swift
BAS offers a final and legally binding award in less than 90 days from when the arbitrator is appointed. The award is enforceable in the same way as a court judgment.
- Confidential
The process is private and confidential, ensuring that professional reputations are protected.
Using the Business Arbitration Scheme
If you wish to apply for the appointment of an arbitrator under this scheme, please complete and return the application form.
A copy of the BAS Rules can be downloaded here.
For further enquiries, please contact:
Ciarb Dispute Appointment Service
T: 0207 421 7455
E: das@ciarb.org