The Worshipful Company of Arbitrators is 93rd in the order of precedence of the livery companies of the

City of London The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London f ...

. The organisation formally became a livery company on 17 March 1981. The company supports education in the field of

arbitration Arbitration is a form of alternative dispute resolution (ADR) that resolves disputes outside the judiciary courts. The dispute will be decided by one or more persons (the 'arbitrators', 'arbiters' or 'arbitral tribunal'), which renders the ...

. It also functions as a charitable institution. Its

motto A motto (derived from the Latin , 'mutter', by way of Italian , 'word' or 'sentence') is a sentence or phrase expressing a belief or purpose, or the general motivation or intention of an individual, family, social group, or organisation. M ...

(as displayed beneath its

coat of arms A coat of arms is a heraldic visual design on an escutcheon (i.e., shield), surcoat, or tabard (the latter two being outer garments). The coat of arms on an escutcheon forms the central element of the full heraldic achievement, which in its ...

) is ''Law and Custom'', and its church is St Mary-le-Bow. As with other livery companies, there are two main categories of membership: '' liverymen'' and '' freemen''. Its limit of 300 liverymen was decreed by the Court of

Aldermen An alderman is a member of a municipal assembly or council in many jurisdictions founded upon English law. The term may be titular, denoting a high-ranking member of a borough or county council, a council member chosen by the elected members the ...

, all of whom must be freemen of the

. Being admitted as a liveryman acknowledges a dedication to good government and order. Only liverymen may be part of the leadership of the company; the

master Master or masters may refer to: Ranks or titles * Ascended master, a term used in the Theosophical religious tradition to refer to spiritually enlightened beings who in past incarnations were ordinary humans *Grandmaster (chess), National Master ...

, the senior warden, the junior warden and the Court of Assistants; likewise only liverymen may nominate others for membership. Company freemen must be of good character and have an interest in and relevant experience of private dispute resolution (while many of the older companies' links with their original trades have expired, most of the newer livery companies maintain close ties with their vocations). The Arbitrators' Company (as it is alternatively styled) arranges a programme of activities to promote arbitration and interest in arbitration in London. In such matters, it is held to be at the leading edge of ideas and development, in ways that cross boundaries between different dispute resolution specialisations in all fields, including commerce and all business and domestic activities. The company has established charitable trusts through which it expects to continue building substantial funds, with the aim of supporting education in the field of arbitration. It provides members with the opportunity of hearing from distinguished experts in its field and to exchange ideas and views in convivial surroundings. It is also dedicated to the promotion of the City of London as the centre of excellence for International Dispute Resolution. The company is a member of the Financial Services Group of Livery Companies, the other 11 members of which are the Worshipful Companies of Chartered Accountants, Actuaries, International Bankers, Chartered Secretaries and Administrators,

Insurers Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

, Information Technologists, City of London Solicitors,

Management Consultants Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities o ...

, Marketors, Tax Advisers, and World Traders.

References

External links

The Arbitrators' Company

Arbitrators An arbitral tribunal or arbitration tribunal, also arbitration commission, arbitration committee or arbitration council is a panel of unbiased adjudicators which is convened and sits to resolve a dispute by way of arbitration. The tribunal may con ...

Arbitration organizations 1981 establishments in England {{England-org-stub