Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Printer Friendly Version
Next month, Queen Mary, University of London’s School of International Arbitration will host a conference entitled, ‘Opportunities and Challenges in Construction Arbitration’, which Lexis®PSL Arbitration is supporting as a
media partner. In a much-anticipated appearance after his recent retirement, The Honourable
Sir Vivian Ramsey will give the keynote speech at the event on 11 December 2014.
The conference will cover a range of practical topics, including the role of experts, disclosure and third party funding in construction arbitration disputes. The full programme and booking details are available here.
Attendees without a construction background will, no doubt, look forward to learning lessons from those experienced in construction arbitration disputes. One notable, recent development in this industry is the American Arbitration Association (AAA)’s
new supplementary rules for Fixed Time and Cost Construction Arbitration (the Supplementary Rules).
The Supplementary Rules, which took effect on 15 June 2014, specify upper limits on the costs and time for arbitrations according to the amount in dispute where the parties agree that the Supplementary Rules apply. For example, for cases in the US$250,000
to US$500,000 range, the Supplementary Rules prescribe a maximum of 180 days from filing to award, with no more than three hearing days. Arbitrator compensation for hearing days and study time (limited to 12 hours) is capped at $275 an hour. Administrative
fees to the AAA are also fixed at $5,000.
Although fast-track or expedited commercial arbitration is offered by several of the prominent international arbitration institutions (eg ICC, LCIA, CIETAC and SIAC), the limits on time and cost represent a departure for the construction industry. Although
it remains to be seen whether there will be demand for the Supplementary Rules, it shows a sector willing to embrace alternative forms of dispute resolution.
0330 161 1234