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Rules
The LCIA arbitration rules are universally applicable. 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
- speed and efficiency in the appointment of arbitrators, including expedited procedures
- means of reducing delays and counteracting delaying tactics
- tribunals' power to decide on their own jurisdiction
- a range of interim and conservatory measures
- tribunals' power to order security for claims and for costs
- special powers for joinder of third parties
- fast-track option
- waiver of right of appeal
- costs computed without regard to the amounts in dispute
- staged deposits - parties are not required to pay for the whole arbitration in advance.
The Rules may be downloaded in all the languages indicated.
In the event of any discrepancy or inconsistency between the English version of the LCIA Rules and the Rules in any other language, the English version will prevail.
Clauses
Recommended arbitration clauses, for both future and existing disputes, accompany the Rules and may be viewed by clicking on the relevant links. Alternatively, the English clauses may be found here.
For recommended mediation clauses and for combined mediation and arbitration clauses, please click here.
Costs
The current Schedule of Arbitration Fees and Costs (effective 11 May 2007) also accompanies the Rules. Alternatively, it may be found here.
