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LCIA Arbitration Rules
(adopted to take effect from 1 January 1998, that is, for arbitrations commencing on or after 1 January 1998)

[Preamble]

Article 1 - The Request for Arbitration

Article 2 - The Response

Article 3 - The LCIA Court and Registrar

Article 4 - Notices and Periods of Time

Article 5 - Formation of the Arbitral Tribunal

Article 6 - Nationality of Arbitrators

Article 7 - Party and Other Nominations

Article 8 - Three or More Parties

Article 9 - Expedited Formation

Article 10 - Revocation of Arbitrator's Appointment

Article 11 - Nomination and Replacement of Arbitrators

Article 12 - Majority Power to Continue Proceedings

Article 13 - Communications between Parties and the Arbitral Tribunal

Article 14 - Conduct of the Proceedings

Article 15 - Submission of Written Statements and Documents

Article 16 - Seat of Arbitration and Place of Hearings

Article 17 - Language of Arbitration

Article 18 - Party Representation

Article 19 - Hearings

Article 20 - Witnesses

Article 21 - Experts to the Arbitral Tribunal

Article 22 - Additional Powers of the Arbitral Tribunal

Article 23 - Jurisdiction of the Arbitral Tribunal

Article 24 - Deposits

Article 25 - Interim and Conservatory Measures

Article 26 - The Award

Article 27 - Correction of Awards and Additional Awards

Article 28 - Arbitration and Legal Costs

Article 29 - Decisions by the LCIA Court

Article 30 - Confidentiality

Article 32 - General Rules

Article 31 - Exclusion of Liability

Recommended Arbitration Clauses

Future Disputes

Existing Disputes

Endnotes

Endnotes

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

LCIA Arbitration Rules - (adopted to take effect from 1 January 1998)

London Court of International Arbitration (LCIA)

copy @ Lex Mercatoria

LCIA Arbitration Rules
(adopted to take effect from 1 January 1998, that is, for arbitrations commencing on or after 1 January 1998)

Article 24 - Deposits

24.1 The LCIA Court may direct the parties, in such proportions as it thinks appropriate, to make one or several interim or final payments on account of the costs of the arbitration. Such deposits shall be made to and held by the LCIA and from time to time may be released by the LCIA Court to the arbitrators), any expert appointed by the Arbitral Tribunal and the LCIA itself as the arbitration progresses.

24.2 The Arbitral Tribunal shall not proceed with the arbitration without ascertaining at all times from the Registrar or any deputy Registrar that the LCIA is in requisite funds.

24.3 In the event that a party fails or refuses to provide any deposit as directed by the LCIA Court, the LCIA Court may direct the other party or parties to effect a substitute payment to allow the arbitration to proceed (subject to any award on costs). In such circumstances, the party paying the substitute payment shall be entitled to recover that amount as a debt immediately due from the defaulting party.

24.4 Failure by a claimant or counterclaiming party to provide promptly and in full the required deposit may be treated by the LCIA Court and the Arbitral Tribunal as a withdrawal of the claim or counterclaim respectively.


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