Volume 12 (2015) / Issue 46
ABSTRACT: This article describes the main changes brought by the New Arbitration Rules of the London Court of International Arbitration ("LCIA"), effective as of October 1, 2014 ("Rules"). The Rules preserve the essence of the consolidated LCIA arbitration procedure, but include practices already established in international arbitration proceedings, such as efficiency boosting measures. Among the most important changes, the inclusion of the emergency arbitrator provisions is a remarkable one. Among the most innovative, the rules on party representation. Finally, the changes introduced by the Rules demonstrate the concern of the LCIA with the celerity and efficiency of the procedure as well as with its cost.
All rights reserved