New LCIA Arbitration Rules In Force From 1 October 2014

The new rules governing London Court of International Arbitration (LCIA) arbitrations (the "2014 Rules") have now been formally adopted by the LCIA Court, and will come into force on 1 October 2014.  A copy can be found on the LCIA website.  The 2014 Rules will apply to any arbitration proceedings which are commenced (deemed to be when a Request is received by the LCIA Registrar – Article 1.4) on or after 1 October 2014.

A final draft of the new rules was circulated to users at the beginning of this year, and then considered at the LCIA's Symposium at Tylney Hall, England on 9-11 May 2014.  Following some minor revisions and editing, the LCIA has now confirmed the wording for the 2014 Rules.  The LCIA's new Director General, Dr Jacomijn van Haersolte-van Hof, considers that the "meticulous and thoughtful drafting process" has led to a "balanced set of Rules".