12 August 2014
The LCIA has adopted new rules for arbitration (2014 Rules). Effective on 1 October 2014, this version will apply to all arbitrations commenced on or after that date (unless parties agree otherwise) and will replace the 1998 version of the rules.
The final version of the rules is substantially the same as the last draft circulated in February for public comment save for amendments to the emergency arbitrator mechanism and to the General Guidelines for the Conduct of Parties' Legal Representatives (the Guidelines). We analysed the key changes to the rules in our previous briefing. In this briefing, we summarise the most significant features of the 2014 Rules and explain the changes incorporated since February.