Worshipful Company of Arbitrators
The Worshipful Company of Arbitrators is the 93rd Livery Company of the City of London. The organisation became a Livery Company on 17 March 1981. The Company supports education in the field of arbitration. It also functions as a charitable institution. Its motto is Law and Custom.
There are two major classes of members: Liverymen and Freemen. There is a limit of 300 Liverymen, all of whom must be freemen of the City of London. Being admitted as a Liveryman shows a dedication to good government and order. Only Liverymen may be part of the leadership of the Company; the Master, the Senior Warden, the Junior Warden and the Court of Assistants.
Company freemen must be of good character and engaged in the practice of commercial arbitration (while older companies have tended to lose their link to their original occupations, newer companies are still closely tied to their vocations).
A new class of members has recently been created, namely that of Yeomen. These members are "arbitrators-in-training" and are expected to have a limited tenure because they are expected to become Freemen in due course.
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