The new arbitration rules of the London Court of International Arbitration ("LCIA") come into force today, 1 October 2014. The LCIA has retained the distinctive character of the institution and rules, whilst modernising its provision. The most substantial changes to the current LCIA Rules are those intended to make the LCIA arbitration process less costly and more efficient, for example including an emergency arbitrator provision, whilst other revisions are designed to improve the handling of complex multi-party disputes. A key innovation is an annex of general guidelines on the conduct of party representatives and a power for the arbitral tribunal to impose sanctions for breach of those guidelines.
To read more about these changes please click here to access our e-briefing.
In addition to our e-briefing on the revisions, Herbert Smith Freehills' Global Arbitration Team has produced a Step by Step Guide to Arbitration under the LCIA Rules and an interactive PDF table comparing the Rules of Key Arbitral Institutions and the UNCITRAL Rules. To request an electronic copy of these documents, please contact Arbitration.info@hsf.com.
For further information, please contact one of the Herbert Smith Freehills Global Arbitration Team.
Andrew Cannon
Partner, Global Co-Head of International Arbitration and of Public International Law, London
Christian Leathley
Partner, Co-Head of the Latin America Group, Co-Head of the Public International Law Group, US Head of International Arbitration, London
Key contacts
Andrew Cannon
Partner, Global Co-Head of International Arbitration and of Public International Law, London
Christian Leathley
Partner, Co-Head of the Latin America Group, Co-Head of the Public International Law Group, US Head of International Arbitration, London
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.