The Low Carbon Contracts Company (LCCC) has published its Five-Year Strategy for 2026/27 to 2030/31, setting out four strategic priorities: delivery, trust, value and people. Under its delivery priority, the LCCC plans to move from managing contracts and payments for 4 live schemes to potentially around 20 by 2031, while maintaining timely and accurate contract and payment delivery and supporting the flexible implementation of new schemes. The strategy notes that, following Contracts for Difference (CfD) Allocation Round 7, the LCCC’s CfD portfolio has reached more than 550 contracts, representing approximately 50 GW of capacity, of which more than 10 GW is operational. Under its trust priority, the LCCC aims to build long-term stakeholder relationships, align governance with government priorities and achieve a stakeholder satisfaction score of over 80%. Under its value priority, the LCCC will focus on accurate levy setting and digital innovation, including investment in artificial intelligence and settlements and forecasting systems across schemes. Under its people priority, the LCCC aims to strengthen workforce capabilities and culture.

Low Carbon Contracts Company (LCCC) has launched a new dashboard that converts all previous Contracts for Difference (CfD) auction results into 2024 baseline prices for Allocation Round 7. Traditionally, the CfD scheme has used a 2012 baseline since its inception, but the Department for Energy Security and Net Zero has updated the benchmark to 2024 prices. This change aims to improve transparency and reduce misunderstandings regarding true costs amid high inflation. Administrative Strike Prices, Reference Prices, and Budgets for AR7 will now be published in 2024 prices.

The Low Carbon Contracts Company (LCCC) has signed the Revenue Collection Contract for Sizewell C, which is Great Britain's first nuclear project to be supported through the Regulated Asset Base (RAB) model. Under the contract, LCCC will serve as revenue collection counterparty, managing payment flows between electricity suppliers and licensed nuclear companies in accordance with instructions from Ofgem. The RAB model is intended to enable investors to receive a regulated return during both construction and operation, helping to lower the cost of capital and reduce overall costs for consumers. Once operational, Sizewell C is expected to generate electricity for approximately six million homes.

The Low Carbon Contracts Company (LCCC) signed a Revenue Support Agreement (RSA) for the HyNet Cluster on 24 April 2025, supporting a broad range of low-carbon projects, including industrial carbon capture, hydrogen production, and power generation with carbon capture. The RSA is a private law contract that provides financial stability to transport and storage companies by safeguarding against revenue shortfalls as the carbon capture, usage and storage market evolves.

The Low Carbon Contracts Company (LCCC) has announced the signing of the first three hydrogen production contracts under Hydrogen Allocation Round 1 (HAR1). Once operational, the Cromarty, Whitelee, and West Wales projects will have a combined capacity of 31.8 megawatts. These projects are the first of eleven planned contracts, part of the government's Hydrogen Production Business Model, with the remaining contracts due to be signed early in 2025.

Loan Credit Default Swaps—a product, which is similar to a swap'>credit default swap, but referenced against loans.

This Practice Note concerns London Court of International Arbitration (LCIA) arbitration proceedings pursuant to the LCIA Rules 2020 effective 1 October 2020 (the LCIA Rules). For practical guidance on arbitration pursuant to the LCIA Rules 2014 and 1998, the previous versions, please see the relevant Practice Notes here: LCIA arbitration—overview. Appointing the tribunal is an important step in any arbitration. Having the right tribunal is key to ensuring the arbitration runs efficiently and that a just result is obtainable. As a general matter, the method of appointment of the arbitral tribunal will depend on several factors, most importantly any provision made by the parties in their arbitration agreement or in some other written document—see Practice Note: Choosing your arbitral tribunal. As far as arbitrations under the LCIA Rules are concerned, the primary procedure is that the LCIA Court will select and appoint the tribunal itself. It does so in around 40% of arbitral appointments. The LCIA’s independent, neutral and relatively quick selection of a sole arbitrator, who it has ascertained to be available to deal with the

This Practice Note concerns London Court of International Arbitration (LCIA) arbitration proceedings pursuant to the LCIA Arbitration Rules 2020 effective 1 October 2020 (the LCIA Rules). For practical guidance on arbitration pursuant to the LCIA Rules 2020, see the relevant Practice Notes here: LCIA arbitration—overview. The LCIA has launched Stage 1 of its consultation to inform the next edition of its Arbitration Rules, seeking input from the international arbitration community to create a set of rules that accommodates evolving user needs. The LCIA intend to create a set of rules that are in line with technological changes, arbitration law reform and changes in the geopolitical environment. Stage 1 of the consultation will run from 11 March 2026 to 11 May 2026. See: LNB News 12/03/2026 10. The LCIA is a well-established, international arbitral institution and the second most prominent arbitration institution in Europe (after the International Chamber of Commerce (ICC)). It is the preeminent international commercial arbitration institution in England. With its light touch administration and widely respected rules, it competes for cases with the

This Practice Note concerns London Court of International Arbitration (LCIA) arbitration proceedings pursuant to the LCIA Arbitration Rules 2020 (the LCIA rules) effective 1 October 2020. For practical guidance on arbitration pursuant to the LCIA Rules 2014, the previous version, please see the relevant Practice Notes here: LCIA arbitration—overview. The costs provisions under the LCIA Rules are set out in LCIA, art 24 (Advance Payment for Costs) and LCIA, art 28 (Arbitration Costs and Legal Costs) and the separate LCIA Schedule of Arbitration Costs. The LCIA's administrative charges and the fees of the tribunal are calculated by reference to hourly rates because it is the LCIA's view that the costs should be based on time actually spent by the secretariat and arbitrators, not on the value of the claim and counterclaim. It has published data on the costs of LCIA arbitrations, which indicate that its hourly rate system is competitive. For discussion, see News Analyses: Counting the costs—LCIA releases costs and duration data, The LCIA fights back: new costs and duration data 2013–2016 and LCIA releases updated

This Practice Note concerns LCIA arbitration proceedings pursuant to the LCIA Arbitration Rules 2020 (the LCIA rules) effective from 1 October 2020. For practical guidance on arbitration pursuant to the LCIA Rules 2014 and 1998, the previous versions, please see the relevant Practice Notes here: LCIA arbitration—overview. Under the LCIA Rules, a party who requires urgent assistance prior to the formation of a tribunal can apply to the LCIA Court under LCIA, art 9 for one or both of: • expedited formation of the tribunal (LCIA, art 9A) • appointment of an emergency arbitrator (LCIA, art 9B) The LCIA has provided guidance on both procedures in its Notes on Emergency Procedures here. A party may also apply to a court for relief pending the appointment of a tribunal or, in certain circumstances, after its appointment. For emergency relief available from the English courts, see: • AA 1996—interim and emergency measures—arbitration—England and Wales—overview • AA 1996—interim and/or emergency relief—tribunal or court? • AA 1996—interim and/or emergency relief—powers of the English court However, in Gerald

This Practice Note concerns London Court of International Arbitration (LCIA) arbitration proceedings pursuant to the LCIA Rules 2020 effective 1 October 2020. For practical guidance on arbitration pursuant to the LCIA Rules 2014 and 1998, the previous version, see the relevant Practice Notes here: LCIA arbitration—overview. The tribunal's powers relating to evidence In arbitration, unlike litigation, the type and form of evidence will vary from arbitration to arbitration. There are no strict rules as to what must and must not be submitted. The tribunal retains the power to conduct the arbitration in the way it sees best and this includes determining the types and form of evidence that will form part of the arbitration. Arbitration rules generally give tribunals and parties reasonably wide discretion to determine how evidence is prepared, presented and treated. The LCIA Rules make some provision for how evidence should be treated in the arbitration but leave a wide discretion to the tribunal to adapt the procedures to the particular dispute. Unless the parties decide otherwise, the tribunal has the widest discretion to discharge its duties

This Practice Note concerns arbitration proceedings pursuant to the London Court of International Arbitration (LCIA) Arbitration Rules 2020 (the LCIA rules) effective 1 October 2020. For practical guidance on arbitration pursuant to the LCIA Rules 2014 and 1998, the previous versions, please see the relevant Practice Notes here: LCIA arbitration—overview. While parties to arbitration under the LCIA Rules are not obliged to be legally represented, it is usual for a party to have some form of representative. The LCIA Rules permit a party to be represented by ‘one or more authorised representatives’ appearing by name before the arbitral tribunal (LCIA, art 18.1). A code of conduct for party representatives, referred to as 'general guidelines', was introduced in the 2014 version of the LCIA Rules and was retained in the LCIA Rules 2020. This code of conduct contains a truncated and selective version of the International Bar Association (IBA) Guidelines on Party Representation in International Arbitration. What should I advise my client? As discussed in greater detail below, although the LCIA's general guidelines are intended