Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 01 OCTOBER 2024

ICC And LCIA Arbitration Statistics 2023: In-Depth Analysis And Insights

Enyo Law LLP
Enyo Law LLP
Contributor
Explore more from Enyo Law LLP

In 2023, arbitration remained a key method for resolving complex commercial disputes. ICC led globally with 870 cases, while LCIA handled 327. Disputes spanned various industries, with growing diversity in arbitrator appointments and rising focus on emerging arbitration hubs.

United KingdomLitigation, Mediation & Arbitration
Irina Durnova
Irina Durnova
Author LinkedIn connections

Arbitration continues to be a widespread method for resolving complex commercial disputes across a myriad of industries. Following Leonie Ghirardi's summary of the arbitral statistics from key arbitral institutions, this blog draws on detailed data from the International Chamber of Commerce (ICC) and the London Court of International Arbitration (LCIA). We will delve into key aspects such as the amounts in dispute, industries, seats and governing laws, and the diversity of arbitrators.

Overall, in 2023, ICC continued to assert its dominance over LCIA as a preferred institution for international arbitration, reflecting its global reach and reputation for handling complex, high-value disputes. ICC registered a substantial number of new cases under the ICC Arbitration Rules, totalling 870, which marks an increase from the previous year (of 695 cases) and underscores the institution's widespread acceptance and reliability in the arbitration community. In comparison,

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Game Developer And Publisher Battle Over Step In Rights

A High Court ruling examines a contentious dispute between a video game developer and publisher over milestone-based funding and "step in" rights for the first-person shooter Six Days in Fallujah. With over $50 million in development costs at stake and allegations of conspiracy to acquire proprietary source code, the court declined to grant either party interim control of the game's development, leaving both sides without the "keys to the kingdom" pending a full trial.
United KingdomLitigation, Mediation & Arbitration
Lewis Silkin
Lewis Silkin
Article

Meta's $18 Billion Settlement: Reckoning Or Managed Exit?

Meta has agreed to pay up to $18 billion over 10 years to settle claims by 52 US state and territory attorneys general in the largest state consumer-protection settlement in American history outside tobacco. The settlement imposes binding child-safety obligations including time limits and age assurance, but leaves the core algorithmic feed unchanged and raises questions about whether this represents genuine accountability or a commercially managed outcome.
United KingdomLitigation, Mediation & Arbitration
Mishcon de Reya LLP
Mishcon de Reya LLP
Article

LNG Charterparty Hire Formula: Meaning Of JKM–TTF Pricing Spread

The Commercial Court ruled on a USD 29 million dispute over an LNG carrier charterparty's index-linked pricing formula, determining whether the "JKM-TTF spread" operated bidirectionally or only when JKM exceeded TTF. The decision examines how unprecedented market conditions—where European gas prices surged above Asian prices due to the Ukraine war—tested the contractual formula's application and whether rectification could remedy an alleged drafting oversight.
European UnionLitigation, Mediation & Arbitration
CMS Wistrand
CMS Wistrand
Video

One-Punch Manslaughter – When A Single Blow Kills (Video)

A split-second decision can change lives forever. In one-punch manslaughter cases, a single impulsive blow, perhaps thrown in anger, fear or misguided bravado, leads to a tragic death. These ‘death by a single punch’ incidents are more common in the UK than many realise. Dozens of families every year are left devastated, with one family grieving an unimaginable loss, and another family shocked and fearful as their loved one faces a homicide investigation for an outcome no one intended. It’s a tragic reality, one moment of anger, one fatal assault involving a single blow, and two lives (and families) ruined.
United KingdomLitigation, Mediation & Arbitration
Olliers Solicitors
Olliers Solicitors
Article

D'Aloia v Persons Unknown: A Landmark Judgment On Tracing Crypto Fraud

The High Court dismissed Fabrizio D'Aloia's claim against crypto exchange Bitkub, highlighting critical lessons for victims of crypto fraud and practitioners. The ruling underscored the need for robust tracing evidence, crypto exchanges' responsibilities for KYC/AML compliance, and clarified USDT's legal status as property, providing guidance on liability and asset recovery in cross-jurisdictional crypto cases.
United KingdomTechnology
Enyo Law LLP
Enyo Law LLP