The LCIA’s recent update to its Arbitration Rules has come into effect today (1 October 2020). As described in this briefing, the “light touch” update is designed to increase the efficiency of LCIA arbitration and, whilst the changes were not prompted by the Covid-19 pandemic, they reflect developments that have emerged in response to changing working practices (including the preference for electronic communication and the greater use of virtual hearings).
The updates address certain anomalies that existed in the 2014 version of the Rules and they provide greater clarity in relation to the case management powers of tribunals including, importantly, to make early determinations in respect of meritless claims.
Please click to read the full Client Alert: Update to LCIA Arbitration Rules takes effect.
