CITY DISPUTES PANEL: SPECIALIST ARBITRATION FOR THE FINANCIAL SERVICES INDUSTRY
| Date | 01 April 1994 |
| Pages | 331-339 |
| Published date | 01 April 1994 |
| DOI | https://doi.org/10.1108/eb024820 |
| Author | ANNE CROSSFIELD |
| Subject Matter | Accounting & finance |
CITY DISPUTES PANEL: SPECIALIST ARBITRATION FOR
THE FINANCIAL SERVICES INDUSTRY
Received:
20th
May, 1994
ANNE
CROSSFIELD
ANNE CROSSFIELD
HAS WORKED IN THE INTERNATIONAL
CAPITAL MARKETS AS A EURO-EQUITY AND
DERIVATIVES BROKER AND ALSO IN THE
LEGAL DEPARTMENT OK THE FRENCH
INVESTMENT BANK PARIBAS CAPITAL
MARKETS. SHE SUBSEQUENTLY OBTAINED AN
MBA
IN FINANCIAL STUDIES WITH
DISTINCTION, SPECIALISING IN DERIVATIVES
FOR
THE PURPOSES OF HER DISSERTATION.
MOST
RECENTLY SHE HAS BEEN CALLED TO
THE BAR AND IS A PUPIL BARRISTER AT 4
KINGS BENCH WALK, TEMPLE, LONDON,
WHERE SHE HAS SPECIALISED IN FINANCIAL
SERVICES CASES INCLUDING COMMERCIAL
FRAUD AND REGULATORY LITIGATION.
ABSTRACT
This
paper,
based on an interview with
Richard
Freeman,
describes
the creation
and development of the City Disputes
Panel
(CDP).
It
is the
initiative of Richard
Freeman,
a
solicitor
and former
merchant
banker. The Panel will offer
arbitration,
mediation
and
expert determination
proce-
dures
for dealing with wholesale markets
disputes such
as
may arise
in
the context of
many financial
services
transactions.
Cur-
rent
methods for
dealing with such disputes
comprise compliance investigations
fol-
lowed by resort
to
litigation
which is
costly
and
time-consuming.
The
CDP
will
offer a
suitable forum of financial and legal
experts
to deal with such disputes
effect-
ively
and
expeditiously.
INTRODUCTION
On the launch of the City Disputes
Panel, Lord Alexander of Weedon
QC,
Chairman of National West-
minster Bank plc commented:
'As a staunch supporter of alter-
native dispute resolution, I am
truly delighted that the City Dis-
putes Panel is now operational. A
former Chief Justice of the
United States, Warren Burger,
observed that "The notion that
people want black-robed judges,
well-dressed lawyers and fine
panelled courtrooms as the set-
ting to resolve their disputes is
not correct. People with prob-
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