Mediation is recommended to any party contemplating arbitration and encouraged by the Association as an essential and advised first step when a contractual dispute occurs.
The MMTA has its own Arbitration Panel and conducts arbitration under its own set of Arbitration Rules. These have been expertly drawn up and approved by Lord Musthill, a recognised expert in this field. The Panel has a wide range of experienced metal practitioners, many of whom have substantial Arbitration qualifications gained with the Institute of Arbitrators in London.
Member Fee – £250; Member Deposit – £500
Non-member Fee – £500; Non-member Deposit – £1000
Member Fee – £500; Member Deposit – £1000
Non-member Fee – £1000; Non-member Deposit – £2000
Member fees apply where the complainant is a member; they must initiate the arbitration.
The complete lists of Arbitrators and Mediators are available from the MMTA Executive.
Please find below a simple draft arbitration clause for inclusion in your terms and conditions / contracts, should you wish to use the MMTA arbitration rules:
[ ] ARBITRATION
[ ].1 Any dispute arising out of or in connection with this agreement (including any question as to its existence, validity and termination) must be referred to and finally resolved by arbitration under the arbitration rules of the Minor Metals Trade Association which rules are deemed to be incorporated by reference into this clause [ ].
[ ].2 Notwithstanding any other provision of this clause [ ], any party may apply to the arbitral tribunal or to any court of competent jurisdiction in any state for the purpose of seeking injunctive relief or to enforce an award or decision of the arbitral tribunal.