I am not encouraging small companies to start engaging in arbitration in major commercial disputes. That is an average. It depends on the complexity of the issues. I think the right hon. Gentleman would agree that full-scale commercial litigation—probably on either side of the Atlantic—is more expensive. This is a quicker arbitration process to substitute for the enormous costs that would be involved in challenging a public body, on either side of the Atlantic, on a commercial dispute about a breach of treaty obligation.
Transatlantic Trade and Investment Partnership
Proceeding contribution from
Lord Clarke of Nottingham
(Conservative)
in the House of Commons on Tuesday, 25 February 2014.
It occurred during Backbench debate on Transatlantic Trade and Investment Partnership.
Type
Proceeding contribution
Reference
576 c214 
Session
2013-14
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2022-08-31 09:12:47 +0100
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