UK Parliament / Open data

Transatlantic Trade and Investment Partnership

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.

Type
Proceeding contribution
Reference
576 c214 
Session
2013-14
Chamber / Committee
House of Commons chamber
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