Abstract
THE SPANISH government approved a preliminary new Act on arbitration, which was submitted before Congress on 25 September 2003. Soon after, the Arbitration Act was finally approved by Act 60/2003 of 23 December on Arbitration and entered into force on 26 March 2004 (‘the Act’). The Act follows the Model Law on International Commercial Arbitration 1985 drawn up by the UN Commission for International Commercial Law (UNCITRAL) and recommended by the General Assembly in its Resolution 40/72 of 11 December 1985. The purposes of the Act are: The Act consists of a lengthy (10 chapters) explanatory preamble (‘Exposiciόn de Motivos’) with nine tides, 46 articles, two additional provisions and a transitory, a derogatory and a final provision. In this article, I propose to highlight the principal innovations of the Act with special reference to international arbitration. The Act...
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