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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 26 - The Award

26.1 The Arbitral Tribunal shall make its award in writing and, unless all parties agree in writing otherwise, shall state the reasons upon which its award is based. The award shall also state the date when the award is made and the seat of the arbitration: and it shall be signed by the Arbitral Tribunal or those of its members assenting to it.

26.2 If any arbitrator 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 may proceed in his absence and state in their award the circumstances of the other arbitrator's failure to participate in the making of the award.

26.3 Where there are three arbitrators and the Arbitral Tribunal fails to agree on any issue, the arbitrators shall decide that issue by a majority. Failing a majority decision on any issue, the chairman of the Arbitral Tribunal shall decide that issue.

26.4 If any arbitrator refuses or fails to sign the award, the signatures of the majority or (failing a majority) of the chairman shall be sufficient, provided that the reason for the omitted signature is stated in the award by the majority or chairman.

26.5 The sole arbitrator or chairman shall be responsible for delivering the award to the LCIA Court, which shall transmit certified copies to the parties provided that the costs of arbitration have been paid to the LCIA in accordance with Article 28.

26.6 An award may be expressed in any currency. The Arbitral Tribunal may order that simple or compound interest shall be paid by any party on any sum awarded at such rates as the Arbitral Tribunal determines to be appropriate, without being bound by legal rates of interest imposed by any state court, in respect of any period which the Arbitral Tribunal determines to be appropriate ending not later than the date upon which the award is complied with.

26.7 The Arbitral Tribunal may make separate awards on different issues at different times. Such awards shall have the same status and effect as any other award made by the Arbitral Tribunal.

26.8 In the event of a settlement of the parties' dispute, the Arbitral Tribunal may render an award recording the settlement if the parties so request in writing ("a Consent Award"), provided always that such award contains an express statement that it is an award made by the parties' consent. A Consent Award need not contain reasons. If the parties do not require a Consent Award, then on written confirmation by the parties to the LCIA Court that a settlement has been reached, the Arbitral Tribunal shall be discharged and the arbitration proceedings concluded, subject to payment by the parties of any outstanding costs of the arbitration under Article 28.

26.9 All awards shall be final and binding on the parties. By agreeing to arbitration under these Rules, the parties undertake to carry out any award immediately and without any delay (subject only to Article 27): and the parties also waive irrevocably their right to any form of appeal, review or recourse to any state court or other judicial authority, insofar as such waiver may be validly made.


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