Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Arbitration rules definition

What does Arbitration rules mean? arbitration rules are the procedural framework that governs how an arbitration is run, including commencement, appointment and challenge of arbitrators, case management, evidence, confidentiality, hearings, interim (and often emergency) relief, awards and costs. In practice they come from two sources: (1) the mandatory and default provisions of the law of the seat (lex arbitri); and (2) any institutional or ad hoc rules the parties select (for example, the LCIA Rules, ICC Rules, HKIAC Rules, SIAC Rules or the UNCITRAL Arbitration Rules). The expression is descriptive and not a defined statutory term. Usage is consistent across the UK...

Practical guide to commencing arbitration under the P.R.I.M.E. Finance Rules 2022: notice content, PCA filing, commencement, and costs

Published by a LexisNexis Arbitration expert

Practice notes

P.R.I.M.E. Finance arbitration rules

Updated in 2021, the P.R.I.M.E. Finance Arbitration Rules’ 2022 edition took effect on 1 January 2022 and applies to arbitrations begun on or after that date (the P.R.I.M.E. Finance rules; the Rules). The Rules also contain model clauses and a model submission agreement. This Practice Note explains how to commence an arbitration under the P.R.I.M.E. Finance Rules. When a dispute emerges, parties should consult the relevant documents to review the dispute resolution clause(s). If a clause or agreement calls for arbitration, it is essential to check:

the administering institution or the rules under which the arbitration will proceed (see Understanding institutional and ad hoc arbitration—overview)
any applicable limitation period, contractual or statutory, by which the arbitration must be commenced (see Practice Notes: Limitation periods in arbitration (England & Wales) and the Foreign Limitation Periods Act 1984)...

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Deannie Yap

P.R.I.M.E. Finance Foundation

Deannie Yap is Legal Officer at P.R.I.M.E. Finance, a foundation based in The Hague which seeks to foster greater financial market stability and increased confidence in global finance. Deannie a Singapore-qualified advocate and solicitor who holds an LLB from the Singapore Management University as well as an Advanced LLM in International Dispute Settlement and Arbitration (cum laude) from Leiden University. Deannie spent five years in private legal practice in Singapore dealing with civil and commercial litigation matters before moving to The Hague in 2021. She has a keen interest in the emerging frontier of digital assets and fintech-related disputes....

Web page updated on 21/05/2026

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