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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...

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Appointing the Tribunal under the LCIA Rules 2020: LCIA Court Selection, Party and Third-party Nominations, Multi-party Appointments, and the Appointment Process

Practice notes
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This Practice Note addresses arbitrations under the london court of international arbitration (LCIA) rules 2020, which took effect on 1 October 2020 (the LCIA Rules). For practical guidance on arbitrations conducted under the 2014 and 1998 LCIA Rules, the earlier iterations, please consult the relevant Practice Notes here: LCIA arbitration—overview.

Appointing the tribunal

Selecting the tribunal is a crucial stage. The appropriate tribunal underpins an efficient process and maximises the prospects of achieving a fair and attainable outcome overall. Generally, how the arbitral tribunal is constituted hinges on multiple considerations, above all any arrangements set out by the parties in their arbitration clause or in another written instrument—see Practice Note: Choosing your arbitral tribunal for further discussion of those options. As regards arbitrations governed by the LCIA Rules, the default approach is for the LCIA Court to choose and appoint the tribunal itself in practice. This occurs in approximately 40% of arbitral appointments overall. An LCIA-selected sole arbitrator—chosen independently, impartially and with relative speed, and confirmed as available to deal with the case—is widely regarded as one of the institution’s strengths and a comparative benefit when set against ad hoc arbitration overall in practice...

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Web page updated on 21/05/2026

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