The LCIA’s new 2014 arbitration rules
The London Court of International Arbitration (LCIA) has published in final form its new arbitration rules (the ‘2014 Rules’), which will apply to arbitrations commenced after 1 October 2014.
The changes between the 2014 Rules and a set of draft rules, published in February 2014, are relatively limited. The 2014 Rules do not change substantially how LCIA arbitration works. The basic structure of the existing rules (the ‘1998 Rules’) remains essentially intact, along with the features that previously made the LCIA Rules distinctive (such as the ability to have the full tribunal appointed on an expedited basis in urgent cases; see article 9A of the 2014 Rules).
Instead, the amendments are largely intended to bring the LCIA Rules up to date with contemporary arbitration practice. Some of the amendments follow those seen in the recent wave of revisions to major sets of arbitral rules (including to the UNCITRAL Arbitration Rules in 2010, the ICC Arbitration Rules in 2012 and the HKIAC Administered Arbitration Rules in 2013). The introduction of an emergency arbitrator mechanism is a notable example; another example is the new provisions allowing consolidation of arbitrations…
Click on the link below to read the rest of the Allen & Overy briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.