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What is LCIA Arbitration Rules?

What is LCIA Arbitration Rules?

The LCIA arbitration rules are universally applicable, being suitable for all types of arbitrable disputes. They offer a combination of the best features of the civil and common law systems, including in particular: Maximum flexibility for parties and tribunals to agree on procedural matters.

What is the LCIA and what does it do?

manage payments to arbitrators. Parties pay arbitrators for their help in resolving a dispute – the LCIA obtains the money from the parties and then organises these payments; and. help with any practical matters, like arranging for a venue for a hearing.

What are the procedures of arbitration?

Arbitration. Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to an arbitrator or to a tribunal of several arbitrators who give a decision on the dispute that is binding on the parties.

  • Expedited Arbitration.
  • Mediation Followed, in the Absence of a Settlement, by Arbitration.
  • How long does an ICC arbitration take?

    For a substantial and complex dispute, an arbitration typically takes about 12-18 months from commencement to the final hearing, although it can be shorter or longer depending upon, for example, the procedures adopted, the availability of the tribunal and the parties’ conduct.

    How to file for arbitration with the LCIA?

    4.1 The Claimant shall submit the Request under Article 1.3 and the Respondent the Response under Article 2.3 in electronic form, either by email or other electronic means including via any electronic filing system operated by the LCIA.

    Who is the London Court of international arbitration?

    The London Court of International Arbitration (LCIA) is one of the leading institutions for international arbitration. An LCIA arbitration is conducted under the auspices of the LCIA and is governed by the LCIA Arbitration Rules.

    What are the steps in the arbitration process?

    Arbitrator Appointment Stage: • Parties are notified of the appointed arbitrator and provided the opportunity to object to this arbitrator serving on the case. • A due date for any objections is set and if any objections are received, the AAA will conduct a process to decide if the arbitrator should be kept on or removed from the case.

    Where is the headquarters of the LCIA Court?

    An LCIA arbitration is conducted under the auspices of the LCIA and is governed by the LCIA Arbitration Rules. The LCIA has its headquarters in London and operates under a three-tier structure, which comprises the company, the LCIA Court and the Secretariat.