1. LONDON COURT OF INTERNATIONAL ARBITRATION
BY:
MEGHA HANDA
PGDM-2

2. INTRODUCTION
World’s leading international institution for commercial dispute handling.
Access to most experienced arbitrators.
International services.

3. MISSION OF LCAI
To provide efficient, flexible and impartial administration of arbitration and other ADR proceedings.

4. MEANING OF ARBITRATION
The dictionary meaning says: Arbitration is the hearing and determining of a dispute or the setting of differences between parties by a person and person chosen or agreed to by them.

5. HISTORY
On 5 April 1883, the Court of Common Council of the City of London set up a committee to draw up proposals for the establishment of a tribunal for the arbitration of domestic and, in particular, of trans-national commercial disputes arising within the ambit of the City.
In April 1891, the scheme was finally adopted and the new tribunal was named “The City of London Chamber of Arbitration”. It was to sit at the Guildhall in the City, under the administrative charge of an arbitration committee made up of members of the London Chamber and of the City Corporation.
The Chamber was formally inaugurated on 23 November 1892, in the presence of a large and distinguished gathering, which included the then President of the Board of Trade. Considerable interest was also shown both by the press and in legal commercial circles.

6. HISTORY
In April 1903, the tribunal was re-named the "London Court of Arbitration" and, two years later, the Court moved from the Guildhall to the nearby premises of the London Chamber of Commerce. The Court's administrative structure remained largely unchanged for the next seventy years.
In 1985, not far short of its centenary, new and innovative rules were promulgated and the LCIA Arbitration Court was established, marking the coming of age of the LCIA as an international institution.
In 1986, the LCIA became a private not-for-profit company, limited by guarantee, and fully independent of the three founding bodies

7. MEMBERS OF LCAI COURT PRESIDENTS VICE PRESIDENTS
HONORY VICE PRESIDENTS
MEMBERS
REGISTRAR

8. ORGANIZATION THE COMPANY Not for profit company.
Board has no role in administration.
THE ARBITRATION COURT
Formed of 35 members and other representatives.
Plenary sessions.
THE SECRETATRIAT
Headed by registrar.
Case administration is highly flexible.

9. CONSTITUTION Composition Officers of the Court
Registrar and Deputy Registrar
Meetings
Appointment of Court Members as Arbitrators

10. FUNCTIONS OF COURT Appointing authority.
Perform functions as per the rules.
To promote the general objectives of LCIA.
To make recommendations to the Board.
To pursue the rules and regulations

11. NATURE OF CONTRACTS
All sorts of cases including commodity transactions, loan or other financial transactions and joint venture and shareholders agreement etc.

12. PARTIES IN 2013

13. RULES OF ARBITRATION
1. The Request For Arbitration.

14. RULES OF ARBITRATION
2. The Response.

15. RULES OF ARBITRATION
3. The LCIA Court Of Registrar.

16. RULES OF ARBITRATION
4. Notices and Period of Time.

17. RULES OF ARBITRATION
5. Formation of Arbitral Tribunal.

18. RULES OF ARBITRATION
6. Nationality of Arbitrators.

19. RULES OF ARBITRATION
7. Party and other Nominations.

20. RULES OF ARBITRATION
8. Three or More Parties.

21. RULES OF ARBITRATION
9. Expedited Formation.

22. RULES OF ARBITRATION
10. Revocation of Arbitrator’s Appointment.

23. RULES OF ARBITRATION
11. Nomination and Replacement of Arbitrators.

24. RULES OF ARBITRATION
12. Majority Power to Continue Proceedings.

25. RULES OF ARBITRATION
13. Communications.

26. RULES OF ARBITRATION
14. Conduct of the proceedings.

27. RULES OF ARBITRATION
15. Submission of Written Statements and Documents.

28. RULES OF ARBITRATION
16. Seat of Arbitration and Place of Hearing.

29. RULES OF ARBITRATION
17. Language of Arbitration.

30. RULES OF ARBITRATION
18. Party Representations.

31. RULES OF ARBITRATION
19. Hearings.

32. RULES OF ARBITRATION
20. Witnesses.

33. RULES OF ARBITRATION
21. Experts to the Arbitral Tribunal.

34. RULES OF ARBITRATION
22. Additional Powers of the Arbitral Tribunal.

35. RULES OF ARBITRATION
23. Jurisdiction of the Arbitral Tribunal.

36. RULES OF ARBITRATION
24. Deposits.

37. RULES OF ARBITRATION
25. Interim and Conservatory Measures.

38. RULES OF ARBITRATION
26. The Awards.

39. RULES OF ARBITRATION
27. Correction of Award and Additional Award.

40. RULES OF ARBITRATION
28. Arbitration and Legal Costs.

41. RULES OF ARBITRATION
29. Decision by LCIA Court

42. RULES OF ARBITRATION
30. Confidentiality.

43. RULES OF ARBITRATION
31. Exclusion of Liability.

44. RULES OF ARBITRATION
32. General Rules.

45. TIME FOR DISPUTE SETTLEMENT
50% of the cases take 12 months or less.
75% of the cases take 18 months or less.

46. COST OF ARBITRATION
Cost-Effective Services - The LCIA’s administrative charges, and the fees charged by the tribunals it appoints, are not based on sums in issue. A registration fee is payable with the Request for Arbitration and, thereafter, hourly rates are applied by the arbitrators and by the LCIA.  

47. EXAMPLES OF DISPUTES HANDLED.
A US $250 million oil trading claim between global chemical corporation and a state owned entity I n the commercial court.
Acting for a European telecommunication company in obtaining a freezing order in support of an ICSID arbitration claim.
Acting for a french telecommunication infrastructure company in International Chamber of Commerce arbitrations regarding submarine cables.

48. SOURCES
registrars_report2013

49. THANK YOU