International and Cayman Islands lawyers recently attended courses with the Chartered Institute of Arbitrators (CIArb), North American Branch, sponsored by international law firm, Appleby. The courses were held from 20-22 February 2015 and were also hosted by Appleby at their conference facilities in George Town.
“As well as providing a unique opportunity for many on-island lawyers to undertake one of these professional qualifications in their home jurisdiction, it also provided the Cayman Islands with the opportunity to promote itself to visiting lawyers from overseas” said Jeremy Walton, Cayman head of Dispute Resolution at Appleby. “The recent announcement of plans to establish a new sports arbitration court in the Cayman Islands has resulted in an increased interest in arbitration and made it perfect timing for these courses to be held.”
Arbitration is a formal, private and binding process where disputes are resolved by a final award made by one or more independent arbitrators. The process of arbitration is a faster, simpler and less expensive alternative to litigation and the parties involved in a dispute must consent to arbitration and the arbitrator(s) to be used must be agreed by the parties or nominated by an independent body.
Arbitration training benefits business decision makers, professional advisors and dispute resolution professions by teaching them about one of the most dynamic forms of decision making.
Renowned for its high quality teaching, relevant content and academic rigour, the first of the three CIArb courses was an introductory certificate, offering a comprehensive beginners guide to arbitration, targeted at professional advisors and anyone dealing with contracts on a daily basis, as well as those looking to start a career in arbitration.
The other two courses were fast-track routes aimed at experienced professionals looking to enhance their knowledge and progress quickly to becoming a full member or fellow of the CIArb.
John Garman, Course Director, CIArb said “These courses in the Cayman Islands were a huge success and it was an idyllic location, particularly considering the recent developments with reference to sports arbitration.
The Chartered Institute of Arbitrators has a global membership of approximately 12,500 individuals involved in the area of alternate dispute resolution. The primary goal of the CIArb is the global promotion, facilitation and development of all forms of private dispute resolution. We, as the North American Branch, are very happy to be expanding our presence in the Cayman Islands and I am looking forward to a return visit.”