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CHAPTER 9 Extending agreed time limits for beginning arbitral proceedings

London Maritime Arbitration

Page 135 CHAPTER 9 Extending agreed time limits for beginning arbitral proceedings A. Introduction 9.1 Time bars generally fall into one of two categories: those which bar the remedy by action or in arbitration, while leaving the claim in existence, 1 and those which extinguish the claim itself. 2 Time bars in either category may be statutory or contractual. This chapter is concerned with the extension of contractual time limits, in either category, for commencing arbitration pursuant to section 12 of the 1996 Act.

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