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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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London Maritime Arbitration under the LMAA Terms 2021: Commencement, Procedural Timetable, Case Management and Hearings

Practice notes
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The London Maritime Arbitrators Association (LMAA) Terms 2021 (the Terms)

Where the parties agree, the London Maritime Arbitrators Association (LMAA) Terms 2021 (the Terms) govern Arbitrations commenced on or after 1 May 2021. These Terms replaced the LMAA Terms 2017, which applied to references started between 1 May 2017 and 30 April 2021. If an Arbitration agreement stipulates arbitration under the Terms, parties should ensure the procedural route is clearly understood.

  • Second Schedule: the principal source of guidance on LMAA arbitral procedure.
  • Body of the Terms: the tribunal’s procedural powers, especially paragraphs 15, 16 and 17.
  • Sixth Schedule: additional guidance addressing the conduct of virtual and semi-virtual hearings.
  • Fourth Schedule: guidelines aimed at enhancing the Efficiency and cost effectiveness of LMAA arbitration.

Taken together, these provisions set out how proceedings under the Terms should be conducted...

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Shawn Kirby
Shawn Kirby

Shawn is a Partner in Wikborg Rein’s London office with particular focus on complex contractual disputes in the energy and maritime fields.He receives instructions from a wide range of jurisdictions and clients, including energy contractors and companies, shipowners, shipyards, charterers, insurers and P&I Clubs. Shawn’s practice encompasses LMAA, LCIA, ICC, SIAC, and ad hoc arbitrations as well as English court proceedings.He is dual-qualified as an English solicitor and as a barrister and solicitor in New Zealand....

Web page updated on 21/05/2026

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