Law of Arbitration

Statutory Arbitration A creature of statute. Source of arbitration is not an agreement but a sectionof particular act Statutory arbitrators are also a creature of statute andthey are governance by the statute. Eg in Australia. Eg. . Industrial relation Act 1967, Arbitration in Malaysiais said to be voluntary when both the parties jointlyrequest the Minister to refer the dispute to theindustrial court, failing which compulsory arbitrationmay ensure at the discretion of the Minister when herefers the dispute to the industrial court under section26(3) of the Act.