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Arbitration update: strict contractual time limits under the Arbitration Act 1996; LCIA challenge decisions; SIAC insolvency protocol consultation; Madrid Rules 2025; SCC board changes; Delos leadership

Published on: 19 December 2024

Published by a LexisNexis Arbitration expert
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In this issue:

  • Arbitration under the AA 1996 Act
  • Institutional and ad hoc arbitration
  • Further arbitration and ADR-related news and developments
  • Daily and weekly news alerts
  • New and updated content
  • Useful information

Arbitration Highlights 2024/2025

Arbitration under the AA 1996 Act

Timing is everything—strict approach followed in construing contractual time limits

In Eronat v CNPC International and another [2024] EWHC 2880 (Comm), the parties adopted a tailored clause granting a right to appeal an award within 30 days from the date the arbitral decision was ‘rendered’. This contrasted with the LCIA Rules’ default position, which provide no appeal right. Applying a stringent reading of ‘rendered’ and rejecting a challenge under section 69 of the Arbitration Act, the court ruled that the time period began on the date the award was made, rather than when it was notified to the parties. The decision offers a pointed reminder to act swiftly where contracts impose time limits, particularly where those limits concern challenges to arbitral awards. Parties should therefore be alert to the event that starts the clock and take immediate steps as soon as an award is issued...

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