Australia: Victorian Bar launches new cost-saving arbitration scheme

Commercial and civil disputes can now be resolved out of court with the Victorian Bar’s new arbitration scheme, aimed at timely and cost-effective resolutions.

The Victorian Bar has launched the Victorian Arbitration Scheme (VCAS) to assist the parties that prefer to have their dispute resolved by a private arbitrator rather than with a judge and receive a binding judgement that can be enforced in much the same way. 

The VCAS was developed to provide time-efficient and low-cost resolution of disputes by imposing a fixed-time frame. It will be overseen by the Honourable Clyde Croft AM SC, the former judge in charge of the arbitration list in the commercial court. 

Judge Croft said he believes VCAS will be of particular benefit to commercial disputes in regional Victoria, providing a “fast, low-cost solution” in local or online venues. 

“VCAS is of particular utility at a time when courts and tribunals are accumulating the backlog of cases due to COVID-19 and travel throughout the state is restricted,” Judge Croft said.  

More at Lawyers Weekly Australia

https://www.lawyersweekly.com.au/biglaw/29647-victorian-bar-launches-new-cost-saving-arbitration-scheme?utm_source=LawyersWeekly&utm_campaign=08_10_20&utm_medium=email&utm_content=5&utm_emailID=882dfb433067b4011c87c45ff376fe5c42fdf5fc8de3c999c59a0ade0bb38b91

 

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