Jurisdiction(s):
United Kingdom

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...

PCA arbitrations: procedural framework under the 2012 Rules and 2024 Optional Protocols: pleadings, evidence, hearings, interim measures, jurisdiction, default and expedited procedure

Published by a LexisNexis Arbitration expert

Practice notes

This Practice Note explains how proceedings are run under the PCA arbitration rules 2012 (including the Optional Protocols adopted in 2024) (the PCA rules). It identifies the core provisions governing the presentation of parties’ submissions and evidence, the handling of jurisdictional challenges and requests for interim measures, the conduct of hearings, and the steps for closing the proceedings...

General provisions

Under PCA Rules, art 17, the general framework for the conduct of arbitral proceedings is prescribed, mirroring to a large extent art 17 of the UNCITRAL Arbitration Rules (UNCITRAL Rules). Article 17(1) of the PCA Rules authorises the tribunal to manage the arbitration as it considers suitable, provided the parties are treated equally and each is afforded a reasonable chance to present its case. The same provision further requires the tribunal to run the case so as to prevent unnecessary delay and cost, and to secure a fair and efficient process...

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Jonathan Lim

WilmerHale

Jonathan Lim is a Senior Associate with WilmerHale in London. He has represented governments and private corporations in commercial and investment arbitrations under all major arbitration rules sited across Africa, Asia, Europe and South America. He has also advised governments in Africa and Asia on a range of public international law issues and the drafting of arbitration legislation. In addition to his practice as counsel, Jonathan has a developing practice as an arbitrator, with appointments as sole and party-appointed arbitrator in proceedings seated in Europe and Asia. Jonathan also co-teaches a course on international arbitration at the National University of Singapore each January. He is listed in Who's Who Legal 2018 as a Future Leader in International Arbitration, and has been described by clients and peers as "a very smart all-round lawyer with a strong work ethic" and “a sure bet as a future...

Web page updated on 21/05/2026

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