Jurisdiction(s):
United Kingdom

Key definition

Arbitration definition

What does Arbitration mean? Arbitration is a private process where parties resolve disputes by one or more arbitrators who issue a final, binding award instead of a court judgment. It is consensual, usually agreed by an arbitration clause, and the law of the seat governs the procedure (lex arbitri). In England and Wales and Northern Ireland, the Arbitration Act 1996 applies. Courts stay court proceedings in favour of arbitration, provide support, and enforce awards; challenges are limited to lack of jurisdiction (s.67), serious irregularity (s.68) and, unless excluded, appeal on a point of law (s.69). In Scotland, the Arbitration (Scotland) Act 2010 provides a similar...

Investment treaty arbitration 2017 review and 2018 outlook: ICSID reforms, significant awards, enforcement developments, ISDS reform debates, new institutional rules, Achmea implications and Brexit considerations

Published by a LexisNexis Arbitration expert

Practice notes

ARCHIVED : This Practice Note has been archived and is not maintained.

This year’s annual overview surveys standout Investment Treaty Arbitration milestones from 2017 and signals what to expect in 2018, setting out what is on the horizon for that year. It covers notable awards in the International Centre for Settlement of Investment Disputes (ICSID) and other investment treaty arbitration proceedings, the publication of bespoke investment Arbitration rules by leading institutions, and wider shifts affecting investor–state dispute settlement. Also included are updates on LexisNexis®’s content, with news of exciting developments from the past year and what is coming up in the next 12 months.

Reviewing 2017 ICSID arbitration — What happened?

In October 2016, the ICSID revealed that a project had started to revise and modernise the Centre’s rules and regulations. ICSID sought input, comments and suggestions from ICSID Contracting States and, in February 2017, encouraged the broader public, including the arbitration community, to take part. This represents the fourth review and revision exercise in ICSID’s history, with earlier rounds occurring in 1984, 2003, and between 2004 and 2006...

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Web page updated on 21/05/2026

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