LCIA Trailblazer With Introduction Of New Ethical Code Of Conduct In 2014 Arbitration Rules

The London Court of International Arbitration has adopted new arbitration rules, which will apply to all arbitration proceedings commenced on or after 1 October 2014, unless the parties agree otherwise. The Annex to the LCIA Rules contains detailed guidelines on the conduct of the parties' legal representatives, and arbitral tribunals have a broad range of enforcement powers to ensure compliance with these guidelines. Further significant additions to the previous rules include expanded provisions for an emergency arbitrator procedure and provisions for the consolidation of arbitrations. Parties envisaging dispute resolution under the LCIA Rules on or after 1 October 2014 should be aware of the changes in the new Rules, and in particular of the guidelines on the conduct of parties' legal representatives.