LCIA (1998)—the award
LCIA (1998)—the award

The following Arbitration guidance note provides comprehensive and up to date legal information covering:

  • LCIA (1998)—the award
  • Requirements of an award
  • LCIA rules

Revised London Court of International Arbitration (LCIA) Rules came into force on 1 October 2014—see 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.

Requirements of an award

When an award is issued, parties should check that any award complies with:

  1. the requirements of any institutional rules under which the arbitration was conducted

  2. the laws of the country of the seat of arbitration (in England, the Arbitration Act 1996 (the Act)), and

  3. the laws of the country where the award is likely to be enforced.

This Practice Note deals with the requirements of an award made in an LCIA arbitration. For general information about arbitral awards, see Practice Note: Arbitral awards—types and requirements.

LCIA rules

Content of the award

Under art 26 of the LCIA rules, an LCIA award will:

  1. be in writing

  2. contain the tribunal's reasons for their decision (unless all parties agree otherwise)

  3. state the seat of arbitration

  4. state the date on which it is made, and

  5. be signed by all the tribunal, or those who assent to it. If an arbitrator refuses or fails to sign, the signatures of th