Worshipful Company of Arbitrators
Encyclopedia
The Worshipful Company of Arbitrators is the 93rd Livery Company
of the City of London
. The organisation became a Livery Company on 17 March 1981. The Company supports education in the field of arbitration
. It also functions as a charitable institution. Its motto is Law and Custom.
There are two major classes of members: Liverymen
and Freemen. There is a limit of 300 Liverymen, all of whom must be freemen of the City of London. Being admitted as a Liveryman shows a dedication to good government and order. Only Liverymen may be part of the leadership of the Company; the Master, the Senior Warden, the Junior Warden and the Court of Assistants. Only Liverymen may nominate others for membership.
Company freemen must be of good character and engaged in the practice of commercial arbitration (while older companies have tended to lose their link to their original occupations, newer companies are still closely tied to their vocations).
The Company maintains a programme of activities which promotes arbitration and interest in arbitration of the City of London. In these matters it is determined to be at the leading edge of ideas and development, in ways which cross boundaries between different dispute resolution specialisations in all fields, including commerce and all business and domestic activities.
The Company has established charitable trusts through which it expects to build substantial funds, with the aim of supporting education in the field of arbitration.
It provides members with the opportunity of hearing from distinguished experts in the field and to exchange ideas and views in convivial surroundings. It is also dedicated to the promotion of the City of London as the centre of excellence for International Dispute Resolution.
Livery Company
The Livery Companies are 108 trade associations in the City of London, almost all of which are known as the "Worshipful Company of" the relevant trade, craft or profession. The medieval Companies originally developed as guilds and were responsible for the regulation of their trades, controlling,...
of the City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...
. The organisation became a Livery Company on 17 March 1981. The Company supports education in the field of arbitration
Arbitration
Arbitration, a form of alternative dispute resolution , is a legal technique for the resolution of disputes outside the courts, where the parties to a dispute refer it to one or more persons , by whose decision they agree to be bound...
. It also functions as a charitable institution. Its motto is Law and Custom.
There are two major classes of members: Liverymen
Liveryman
For Livery Companies in the City of London, a Liveryman is a full member of their respective Company.Livery Company members fall into two basic categories: Freemen and Liverymen. One may join as a Freeman, and thereby acquire the "Freedom of the Company", upon fulfilling the Company's criteria...
and Freemen. There is a limit of 300 Liverymen, all of whom must be freemen of the City of London. Being admitted as a Liveryman shows a dedication to good government and order. Only Liverymen may be part of the leadership of the Company; the Master, the Senior Warden, the Junior Warden and the Court of Assistants. Only Liverymen may nominate others for membership.
Company freemen must be of good character and engaged in the practice of commercial arbitration (while older companies have tended to lose their link to their original occupations, newer companies are still closely tied to their vocations).
The Company maintains a programme of activities which promotes arbitration and interest in arbitration of the City of London. In these matters it is determined to be at the leading edge of ideas and development, in ways which cross boundaries between different dispute resolution specialisations in all fields, including commerce and all business and domestic activities.
The Company has established charitable trusts through which it expects to build substantial funds, with the aim of supporting education in the field of arbitration.
It provides members with the opportunity of hearing from distinguished experts in the field and to exchange ideas and views in convivial surroundings. It is also dedicated to the promotion of the City of London as the centre of excellence for International Dispute Resolution.