Dispute Resolution Suppliers in Arbitration Services - Commercial Rents

Dispute Resolution Suppliers in Arbitration Services - Commercial Rents

This advert is to inform Dispute Resolution Suppliers in Arbitration Service suppliers (within the Commercial Rent arena) that BEIS intends to hold an ESE Day (Early Supplier Engagement Day) on 2 November 2021 between 12:00pm to 1:30pm via MST (online).

Background

The Department for Business, Energy & Industrial Strategy (BEIS), is passing legislation in March 2022 to introduce a system of binding arbitration to settle commercial rent disputes between landlords and tenants accrued due to Government mandated COVID-19 business closures.

BEIS is looking for Arbitration Service Bodies, who are competent and qualified, to be listed on the Secretary of State's approved list of suppliers. The organisations will need to apply to be on this list, via an application form.

Overarching Process (two phases)

(Phase 1) Arbitration bodies who apply, via an application form, and are successful will be placed on the approved list. The application form will be formally published shortly after the ESE Day on the Government website.

The purpose of the ESE is to inform Arbitrating bodies of the future existence of a BEIS 'preferred list', how this will work, its purpose and timings. The eventual aim is to allow individual Arbitrators to onboard onto Arbitration Bodies.

(Phase 2) Overall policy for this process will be set and agreed by BEIS Policy team. It is expected that there will be a secondary application process to join each organisation on this list (Phase1), this will be the responsibility of each Arbitration Body. Existing individuals, carrying out arbitration services, are not in scope.

This requirement is for future 'joiners' to Arbitration Organisations\List.

Contact details: Please contact jane.chelliah-manning@beis.gov.uk to reserve your place for the ESE Day. A confirmation email will be sent to you, in response, containing an MST link to the event.