LCIA (2014)—the award

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

  • LCIA (2014)—the award
  • Requirements of an award
  • Content of the award
  • Separate awards
  • Majority decision
  • Date and delivery
  • Currency and interest
  • Effect of the award and right of challenge/appeal
  • Corrections
  • Claims not dealt with in the award
  • More...

LCIA (2014)—the award

CORONAVIRUS (COVID-19): Many arbitral organisations have responded to the coronavirus pandemic with practical guidance and/or changes to their usual procedures and ways of working. For information on how this content and relevant arbitration proceedings may be impacted, see Practice Note: Arbitral organisations and coronavirus (COVID-19)—practical impact. For additional information, see: Coronavirus (COVID-19) and arbitration—overview.

This Practice Note concerns arbitration proceedings pursuant to the London Court of International Arbitration (LCIA) Arbitration Rules 2014, effective 1 October 2014 (the LCIA Rules). For practical guidance on arbitration pursuant to the LCIA Rules 2020 (in force 1 October 2020) and the LCIA Rules 1998, consult the relevant Practice Notes here: LCIA arbitration—overview.

Requirements of an award

As a general matter, when an award is issued, parties should check that it 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 (AA 1996)), and

  3. the laws of the country where the award is likely to be enforced (insofar as compliance with those laws might be necessary for recognition of the award)

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.

Content of the award

Under LCIA, art 26, an LCIA award must:

  1. be in

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