Despite its name, the London Court of International Arbitration (“LCIA”) is not a judicial court and does not itself decide the parties’ dispute. It is an independent arbitral institution that administers proceedings under the LCIA Arbitration Rules. Through its Secretariat and LCIA Court, it performs important institutional functions, including administering the case, facilitating the constitution […]
Key Takeaways from 2024 LCIA and ICC Arbitration Statistics
The latest statistics from the London Court of International Arbitration (LCIA) and the International Chamber of Commerce (ICC) provide valuable insights into evolving trends in global dispute resolution. Both institutions continue to reflect the internationalisation of arbitration, growing involvement from emerging markets, increased attention to tribunal composition, and greater procedural efficiency in handling complex, high-value […]
LCIA Arbitration – Latest Update on Costs and Duration
Parties wishing to initiate arbitration often have two key concerns in addition to whether a case has merit: the costs and duration of the proceedings. These concerns were recently addressed by the London Court of International Arbitration (the “LCIA”) in a report published on 30 December 2024, entitled “Facts and Figures – Cost and Duration: […]
Summary Procedures in International Arbitration
Summary procedures in international arbitration mean procedures by which the arbitral tribunal determines certain points of fact or law at an early stage of the proceedings, potentially dispensing with the need for further arbitration proceedings. Summary proceedings can be a blessing to a respondent facing frivolous claims that obviously lack merit, as a successful dismissal […]
Expedited Arbitration
Expedited arbitration (or fast-track arbitration) has gained traction in recent years, in response to the length and cost of traditional international arbitration. The first expedited arbitration scheme appears to have been introduced in the 1992 Arbitration Rules of the Geneva Chamber of Commerce and Industry Arbitration Rules (“CCIG”).[1] Today, most leading arbitral institutions have adopted specific […]