The New Gafta Arbitration Rules No. 125, Effective For Contracts Dated From 1 September 2016: Key Changes To Be Aware Of

Author:Ms Diane Galloway, Vassia Payiataki, Andrew Meads and Bartek Rutkowski
Profession:Reed Smith (Worldwide)
 
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The Grain and Feed Trade Association ("Gafta") recently published a new edition of its Arbitration Rules No. 125 (the "Gafta Arbitration Rules"), effective for contracts dated from 1 September 2016. The previous Gafta Arbitration Rules were effective for contracts dated from 1 June 2014.

The Gafta Arbitration Rules continue to be incorporated into a significant proportion of contracts for the international sale and purchase of grains and feedstuffs governed by English law. A good understanding of the new Gafta Arbitration Rules is important not just for in-house counsel at agricultural trading houses, but also for trading and operational teams, who may be particularly affected by the key changes...

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