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London Court of International Arbitration
London Court of International Arbitration
The London Court of International Arbitration ("LCIA") is one of the world's leading dispute resolution institutions offering assistance in and service of international arbitration. Formerly known as the "London Court of Arbitration," the LCIA regulates, administers, and provides a forum for dispute resolution proceedings for all parties, regardless of their area/ location or system of law.
On 5 April 1883, the Court of Common Council of the City of London set up a board of trustees to draw up recommendations for the foundation of a court for the arbitration of domestic and, specifically, of transnational commercial disputes emerging inside the ambit of the City. The Chamber was officially introduced on 23 November 1892 ... In April 1903, the council was renamed the "London Court of Arbitration" and, after two years, the Court moved from the Guildhall to the close by premises of the London Chamber of Commerce. The Court's authoritative and administrative structure remained to a great extent unaltered for the following seventy years.
In 1975, the Institute of Arbitrators (later the Chartered Institute) joined the other two governing bodies and the prior arbitration committee turned into the "Joint Management Committee", diminished in size from the first twenty-four members to eighteen, six delegates or representatives from every one of the three associations and organizations. The Director of the Institute of Arbitrators became into the Registrar of the London Court of Arbitration.
In 1986, the LCIA turned into a private not-for-profit organization, limited by guarantee, and completely free of the three founding bodies. It then set about combining and consolidating its position in the international arena, under the direction of Sir Michael Kerr, the first President of the LCIA Court, and Bertie Vigrass, the first Registrar of the independent LCIA. Sir Michael Kerr's illustrious successors in the role of President of the LCIA Court have, until this point in time, been Professor Dr. Karl-Heinz Böckstiegel (1994 - 1998), The Honorable L Yves Fortier CC OQ QC (1998 - 2001), Professor Dr. Gerold Herrmann (2001 - 2004), Jan Paulsson (2004 - 2010), Professor William W Park (2010 - 2016), Judith Gill QC (2016 - 2019), Paula Hodges QC (2019 - Present).
The LCIA gives a comprehensive international dispute resolution service, both under its arbitration and mediation Rules and under the UNCITRAL Rules. Customized dispute resolution is also offered. The subject matter of agreements or contracts in disputes alluded to LCIA incorporates all aspects of international trade and commerce, including, specifically, broadcast communications and telecommunications, insurance, oil and gas exploration, development, delivering, flying, pharmaceuticals, IT, account and banking. The LCIA Court controls powerful activity and use of LCIA Rules, the running of the procedures, and all the issues identified with the arrangement of authorities, including the arrangement itself.
The LCIA Secretariat, based at the International Dispute Resolution Center in London, is answerable and responsible for the everyday organization of all arbitrations, regardless of whether under the LCIA Rules. It supervises and governs plus support the proceedings; gives data, information, and guidance to the parties, their delegates and representatives, the courts/tribunals and to members. At the point when hearings are outside the UK, administrative services are provided together by the Secretariat and a suitable local arbitration institution.
- Brief history of court
- functions
- conclusion
