Expert Determination. Sir Peter Cresswell. The Dispute Resolution landscape is changing. London - a leading centre for dispute resolution Highly competitive international market No reason for complacency A full range of dispute resolution services The Commercial Court/Chancery Division
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Expert Determination Sir Peter Cresswell
The Dispute Resolution landscape is changing • London - a leading centre for dispute resolution • Highly competitive international market • No reason for complacency • A full range of dispute resolution services • The Commercial Court/Chancery Division • Arbitration • Expert Determination • Adjudication • Mediation • By • Persons who are undoubtedly independent • Within a reasonable time • At a reasonable and proportionate cost
Expert Determination • The amount of consideration on sale and purchase of businesses and companies • Valuation of shares in private companies • Partnership disputes • Swaps and derivatives • Letters of credit DOCDEX • Rent reviews
Expert Determination (cont) • Who influences the use of clauses in contracts providing for expert determinations? • The transactional lawyers • The commercial parties • Ad hoc references post dispute • Statistics?
Some Considerations • Reasons? • Time? • Cost? • The desirability of businesses solving disputes quickly • Legal advice for the expert • Generally no formal hearing • Parties appointing their own additional experts to be discouraged Academy of Experts ED Rules ICC Expertise Rules
Finish where I began…. • The dispute resolution landscape is changing • London – a leading centre for dispute resolution • A full range of dispute resolution services • The Commercial Court/Chancery Division • Arbitration • Expert determination • Adjudication • Mediation • By • Persons who are undoubtedly independent • Within a reasonable time • At a reasonable and proportionate cost • Who promotes London?