LCIA Arbitration Rules Updated – What's New?

On 11 August 2020, the London Court of International Arbitration (LCIA) released updates to its Arbitration Rules, which will come into effect on 1 October 2020. Here we highlight the key changes and what they mean for parties to LCIA arbitration.

Last updated in 2014, updates to the LCIA Arbitration Rules have been anticipated for some time. As with so much in 2020, the release of the planned updates has been delayed by the global pandemic. However, the LCIA has made a virtue of necessity - it has taken the opportunity to supplement the planned rule changes with further updates to reflect and embed good working practices that have been necessitated by the health crisis, such as the increased use of virtual hearings and electronic communications. The new rules should therefore facilitate arbitration in the "new world".