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LCAM arbitration awards and decisions: tribunal decision-making, award formalities, time limits, separate awards, settlement and termination, and post-award correction and interpretation

Practice notes
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Awards

Article 36 outlines the rules governing the power to issue awards and determinations, setting the general framework for decisions generally.

Decision making

Where the Arbitral Tribunal consists of a panel of three or more arbitrators, its awards or other determinations are to be decided by a majority of the Tribunal (Article 36.1). Under Article 36.2, the Arbitral Tribunal may resolve to authorise the Chairperson to make procedural rulings alone. Any such arrangement ought to be notified to the parties, commonly by way of a procedural order...

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Kirtan Prasad
Kirtan Prasad

RPC

Kirtan is a Singapore, English and NY qualified commercial disputes lawyer with a specialism in international arbitration. She has been recognised as a Future Leader in Arbitration by Who's Who Legal and as a Rising Star in International Arbitration by the Legal 500 directory. She practised in Singapore for a number of years before moving to London. Her experience includes disputes across a number of industry sectors, including finance, automobile manufacturing, hotel management and shipping. Her work has spanned both civil and common law jurisdictions, such as Japan, India, England, Indonesia, the UAE and the Netherlands, and under a range of arbitral rules, including the LCIA, ICC, SIAC, SCMA, DIAC and ICSID Rules.Directory entries say: “She is one of the most intelligent young lawyers that I have worked with. Her drafting of case and witness statements in big-ticket arbitrations with utmost...

Shai Wade
Shai Wade

RPC

Shai is the Head of International Arbitration at City law firm RPC. Co-author of the principal textbook commentary on LCIA Arbitration, "A Commentary on the LCIA Arbitration Rules", Shai is recognised as a Global Leader by Who's Who Legal: Arbitration, as a Leading Individual: International Arbitration by Legal 500 and a ranked International Arbitration Lawyer by Chambers and Partners. Shai specialises in large-scale complex arbitration disputes in key industries such as, Oil and Gas, Energy, Telecoms, IT and International Trade, as well as in joint-venture and shareholder disputes and investor-state disputes.Shai serves as arbitrator and as counsel under rules of the major arbitration institutions.  As a young lawyer he served as a staff attorney to the Claims Resolution Tribunal for Dormant Accounts in Switzerland and later drafted the arbitration procedures for the appeals process of the International Commission on Holocaust Era Insurance Claims. ...

Carolin Ayres
Carolin Ayres

RPC

Carolin is an Associate in RPC's Commercial and Banking Litigation team.Carolin acts on complex and high value financial and commercial disputes, often with a multi-jurisdictional element. She has particular experience advising on civil fraud, misrepresentation and antitrust disputes, as well as experience advising on joint venture disputes, contentious insolvency matters, enforcement proceedings, freezing injunctions and asset tracing. Carolin has represented clients across a diverse range of industries (including energy, shipping, telecom, healthcare and banking) in both litigation and international arbitration proceedings. Carolin is a native German speaker....

Web page updated on 21/05/2026

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