On 9 March 2017, the Arbitration Amendment Bill (Bill) was introduced to the New Zealand Parliament. The Bill proposes to amend the Arbitration Act 1996 (Act), and follows recommendations by the Arbitrators’ and Mediators’ Institute of New Zealand (AMINZ).
The proposed changes include:
- permitting the inclusion of arbitration clauses in trust deeds;
- greater confidentiality of arbitration-related court proceedings; and
- narrowed grounds for the set-aside of an arbitral award.
Other amendments to the Act came into effect on 1 March 2017, which we earlier reported on here.