Jurisdiction(s):
United Kingdom

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Key definition

Rules definition

What does Rules mean? Rules describes the written provisions that govern how a pension scheme operates—especially occupational pension schemes—usually contained in, or annexed to, the trust deed (trust deed and rules). Legislation refers to these as scheme rules (for example, Pensions Act 1995 and Pensions Act 2004 in the UK, and the Pensions Act 1990 in Ireland). Scheme rules set out eligibility, benefit structure (defined benefit or defined contribution), contributions, service and accrual, retirement options and ages, revaluation/indexation, ill‑health and death benefits, transfers in and out, leaver provisions, forfeiture, augmentation, priority on winding‑up, discretions and decision‑making, and the scheme’s amendment and termination powers. They also...

LCIA Arbitration under the 2020 Rules: practical guide to procedure, tribunal appointment, confidentiality, awards, hourly costs, duration and developments including EDI, cybersecurity, virtual hearings and the 2026 rules consultation

Published by a LexisNexis Arbitration expert

Practice notes

LCIA arbitration—overview

This Practice Note addresses london court of international arbitration (LCIA) proceedings conducted under the LCIA arbitration rules 2020 (the LCIA rules), which came into force on 1 October 2020. For practical guidance on arbitrations under the 2020 LCIA Rules, refer to the related Practice Notes here: LCIA arbitration—overview. The LCIA has opened Stage 1 of a consultation to inform the forthcoming edition of its Arbitration Rules, seeking views from the international arbitration community so the rules reflect evolving user requirements. The LCIA’s objective is to produce rules aligned with advances in technology, reforms to arbitration law and shifts in the geopolitical landscape. Stage 1 of the consultation will run from 11 March 2026 to 11 May 2026. See LNB News 12/03/2026 10. The LCIA is a well-established international arbitral institution and is the second most prominent arbitration body in Europe (after the International Chamber of Commerce (icc)). It is the leading international commercial arbitration institution in England...

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