Second Award under the Coronavirus arbitration scheme published by FCA
Second Award under the Coronavirus arbitration scheme published by FCA, this time by Stephanie Tozer QC. This Award deals with the extent to which an amendment of a formal proposal is permissible, drawing a distinction between amendments to remedy arithmetical/input errors and amendments arising from a change in methodology. It also highlights the requirement for a formal proposal to be “expressed to be made for the purposes of [section 11]”, and considers what this requires. Anyone involved in or contemplating an arbitration under this scheme should read this.
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