Arbitration under the LCIA Rules (1998)
Produced in partnership with Latham and Watkins LLP
Arbitration under the LCIA Rules (1998)

The following Arbitration guidance note Produced in partnership with Latham and Watkins LLP provides comprehensive and up to date legal information covering:

  • Arbitration under the LCIA Rules (1998)
  • The LCIA: a three-tier organisation
  • The LCIA Rules govern the arbitral proceedings
  • Paying the costs of arbitration proceedings

The Arbitration Rules of the London Court of International Arbitration are referred to as the LCIA Rules.

The London Court of International Arbitration is a well-established, international arbitral institution, and the second most prominent arbitration institution in Europe (after the ICC). It is equipped to handle the full range of disputes up to the largest, most complex international commercial arbitration proceedings.

Revised LCIA Rules came into force in 2014—see Practice Note: LCIA (2014)—arbitration under the LCIA Rules (2014). The LCIA Rules 1998 continue to apply to arbitrations commenced before 1 October 2014 unless the parties have agreed otherwise.

The LCIA: a three-tier organisation

The LCIA comprises:

  1. a not-for-profit company which:

    1. is limited by guarantee

    2. comprises a board made up of experienced, largely London-based arbitration practitioners

    3. is principally concerned with the operation and development of the LCIA’s business, and

    4. does not have an active role in case administration

  2. the LCIA Court which:

    1. is made up of up to 35 members appointed by the LCIA’s board (selected to provide and maintain a balance of leading practitioners in commercial arbitration, from the major trading areas of the world and of whom no more than six may be of UK nationality)

    2. is the final authority for the proper application of the LCIA rules

    3. deals with the appointment of tribunals, the determination of challenges to arbitrators, and