Part I International Arbitration Law, Arbitral Jurisdiction, and Arbitral Institutions, 3 The New 2014 LCIA Rules: An Introductory Explanation
V V Veeder
From: Defining Issues in International Arbitration: Celebrating 100 Years of the Chartered Institute of Arbitrators
Edited By: Julio César Betancourt
- Arbitrators — Claims — International courts and tribunals, procedure
This chapter discusses the revised rules of the London Court of International Arbitration (LCIA). The revisions fall into two basic groups: changes to correct earlier drafting inconsistencies (from 1981 to 1998), inaccurate reflections of actual LCIA practice, and excessively English legal language for an international arbitration; and new procedures decided by the LCIA. These revisions include the increased use of electronic communications by parties with the LCIA registry and LCIA tribunals, particularly for starting an LCIA arbitration; the procedure for an emergency arbitrator; changes to the default arbitral seat of an LCIA arbitration; the consolidation, etc., of different arbitrations for multi-party disputes; and a solution to the ‘Slovenia’ problem regarding potential conflicts between an arbitrator and a party’s legal representative.