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Stay of proceedings: statutory demands

Series: Arbitration Law Monthly ; 1(8) October 2001, 10-12(3)Publication details: 2001Subject(s): Summary: Considers a recent Australian case "Reinsurance Australian Corporation Ltd v Odyssey Re (Bermuda) Ltd" 2000 concerning whether a party who claims to be owed a sum of money can sidestep the obligation to arbitrate his claim by serving a statutory demand thereby initiating proceedings which can lead to the winding up of the debtor.

Considers a recent Australian case "Reinsurance Australian Corporation Ltd v Odyssey Re (Bermuda) Ltd" 2000 concerning whether a party who claims to be owed a sum of money can sidestep the obligation to arbitrate his claim by serving a statutory demand thereby initiating proceedings which can lead to the winding up of the debtor.