Introductory

1Founding principles

The founding principles of this Act are—

a

that the object of arbitration is to resolve disputes fairly, impartially and without unnecessary delay or expense,

b

that parties should be free to agree how to resolve disputes subject only to such safeguards as are necessary in the public interest,

c

that the court should not intervene in an arbitration except as provided by this Act.

Anyone construing this Act must have regard to the founding principles when doing so.