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ARTICLE · 01 FEBRUARY 2021

Salient Features Of The LCIA Arbitration Rules, 2020

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The latest amendments to the Arbitration Rules of the London Court of International Arbitration ("LCIA Rules, 2020") were released on 11 August 2020.

IndiaLitigation, Mediation & Arbitration
Kingshuk Banerjee
Kingshuk Banerjee
Ravitej Chilumuri
Ravitej Chilumuri
Nidhi Kulkarni
Nidhi Kulkarni
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The latest amendments to the Arbitration Rules of the London Court of International Arbitration ("LCIA Rules, 2020") were released on 11 August 2020. The 2020 Rules have sought to further streamline the arbitration process by expressly delineating the powers of tribunals and the LCIA Court under various circumstances. Examples include the possibility of early dismissal, a wider power of consolidation, concurrent proceedings and express powers to expedite proceedings. Notably, the LCIA Schedule of Costs has also been revised.

Applicability of the Rules

The LCIA Rules, 2020 were unveiled on 11 August 2020. They took effect on 1 October 20201 and apply to arbitrations commenced from that date onwards.

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