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LCIA Arbitration Rules
(adopted to take effect from 1 January 1985)

Rules

Article 1 - Request for Arbitration

Article 2 - Response by Respondent

Article 3 - The Arbitral Tribunal

Article 4 - Communications Between Parties and the Tribunal

Article 5 - Conduct of the Proceedings

Article 6 - Submission of Written Statements and Documents

Article 7 - Place of Arbitration

Article 8 - Language Of Arbitration

Article 9 - Party Representatives

Article 10 - Hearings

Article 11 - Witnesses

Article 12 - Experts Appointed by the Tribunal

Article 13 - Additional Powers of the Tribunal

Article 14 - Jurisdiction of the Tribunal

Article 15 - Deposits and Security

Article 16 - The Award

Article 17 - Correction of Awards and Additional Awards

Article 18 - Costs

Article 19 - Exclusion of Liability

Article 20 - General Rules

Schedule of Costs (effective I January 1985)

Administrative Costs

Costs of the Tribunal

Notes

Recommended Arbitration Clauses

Future disputes

Existing disputes

The London Court of International Arbitration (LCIA)

Background

Endnotes

Endnotes

Endnotes

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

LCIA Arbitration Rules - (adopted to take effect from 1 January 1985)

London Court of International Arbitration (LCIA)

copy @ Lex Mercatoria

LCIA Arbitration Rules
(adopted to take effect from 1 January 1985)

Article 16 - The Award

16.1 The Tribunal shall make its award in writing and, unless all the parties agree otherwise, shall state the reasons upon which its award is based. The award shall state its date and shall be signed by the arbitrator or arbitrators.

16.2 If any arbitrator refuses or fails to comply with the mandatory provisions of any applicable law relating to the making of the award, having been given a reasonable opportunity to do so, the remaining arbitrators shall proceed in his absence.

16.3 Where there is more than one arbitrator and they fail to agree on any issue, they shall decide by a majority. Failing a majority decision on any issue, the Chairman of the Tribunal shall make the award alone as if he were sole arbitrator. If an arbitrator refuses or fails to sign the award, the signatures of the majority shall be sufficient, provided that the reason for the omitted signature is stated.

16.4 The sole arbitrator or chairman shall be responsible for delivering the award to the Court, which shall transmit certified copies to the parties provided that the costs of the arbitration have been paid to the Court in accordance with Article 18.

16.5 Awards may be expressed in any currency and the Tribunal may award that simple or compound interest shall be paid by any party on any sum which is the subject of the reference at such rates as the Tribunal determines to be appropriate, without being bound by legal rates of interest, in respect of any period which the Tribunal determines to be appropriate ending not later than the date upon which the award is complied with.

16.6 The Tribunal may make separate final awards on different issues at different times, which shall be subject to correction under the procedure specified in Article 17. Such awards shall be enforceable.

16.7 In the event of a settlement. the Tribunal may render an award recording the settlement if any party so requests. If the parties do not require a consent award, then on confirmation in writing by the parties to the Court that a settlement has been reached the Tribunal shall be discharged and the reference to arbitration concluded, subject to payment by the parties of any outstanding costs of the arbitration in accordance with Article 18.

16.8 By agreeing to arbitration under these Rules, the parties undertake to carry out the award without delay, and waive their right to any form of appeal or recourse to a court of law or other judicial authority. insofar as such waiver may be validly made. Awards shall be final and binding on the parties as from the date they are made.


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Lex Mercatoria