I am making this statement to bring to the House’s attention the following machinery of government change.
Responsibility for private commercial arbitration policy and the Arbitration Act 1996 will move from the Department for Business, Energy and Industrial Strategy to the Ministry of Justice from 1 July 2022. This transfer will locate private commercial arbitration policy alongside other forms of dispute resolution policy. This will allow the Ministry of Justice to pursue a comprehensive and unified approach to the promotion and continued competitiveness of the UK as a world-leading destination for all forms of dispute resolution. The transfer of policy responsibility will also allow the MoJ to meet its responsibilities of working in the interests of all parts of the UK’s legal sector, of which arbitration is a vital component.