ARBITRATION

a form of alternative dispute resolution(ADR), is a technique for the resolution of disputes outside the courts, where the parties to a dispute refer it to one or more persons (the "arbitrators", "arbiters" or "arbitral tribunal"), by whose decision they agree to be bound.

INTERNATIONAL ARBITRATION

International arbitration is a leading method for resolving disputes arising from international commercial agreements and other international relationships.

LONDON COURT OF INTERNATIONAL

ARBITRATION

HISTORY
5th april,1883 set up of a committee for establishment of a tribunal for arbitration . 1884 committee administered by City of London Corporation and London Chamber of Commerce & Industry. 23 nov 1892 chamber was formally inaugrated 1903 tribunal was renamed the London Court of Arbitration 1981- the name of the Court was changed to The London Court of International Arbitration.

MEMBERSHIP
Membership of LCIA Users' Councils is open to any person or body of good standing with a bona fide interest in international commercial arbitration or ADR, including lawyers, arbitrators, mediators, experts, academics, businessmen, law firms and commercial and trading organisations. The LCIA Users' Councils are: African Users' Council Arab Users' Council Asia Pacific Users' Council European Users' Council Latin American and Caribbean Users' Council North American Users' Council

ORGANISATION

The Company
The LCIA is a not-for-profit company limited by guarantee.

The Arbitration Court

The LCIA Court is the final authority for the proper application of the LCIA rules.

The Secretariat Headed by the Registrar, the casework Secretariat is based at the International Dispute Resolution Centre in London and is responsible for the day-to-day administration of all disputes referred to the LCIA.

ARBITRATION UNDER LCIA

SEAT OF ARBITRATION AND PLACE OF HEARING TYPE OF CONTRACT IN DISPUTE COSTS TRIBUNALS PROCEDURES

SERVICES

FUNDHOLDING
Parties funds are administered in the currency of the funds as deposited Any surplus income from the funds so deposited shall be retained for the benefit of the LCIA Funds lodged by the parties on account of the fees and expenses of the tribunal and of the LCIA are held in trust Full financial summary of receipts and disbursements during the course of the arbitration.

MEDIATION

Mediation is a negotiated settlement, conducted and concluded with the assistance of a neutral third-party. The process is voluntary and does not lead to a binding decision, enforceable in its own right.

OTHER SERVICES
Expert determination, early neutral evaluation, or adjudication The Secretariat will be pleased to provide draft clauses for these purposes, and to assist contracting parties with the drafting of such ADR procedures.

OVERSEAS