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Arbitration update: OFSI licence for arbitration fees; New York recognises English award judgment; ADGM backs employment arbitration; ICC Case Connect; PCA strategy group; new sanctions-arbitration guidance

Published on: 03 April 2025

Published by a LexisNexis Arbitration expert
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In this issue:

  • Arbitration in England & Wales
  • International Arbitration
  • Institutional and ad hoc arbitration
  • LexTalk®Arbitration: a Lexis®Nexis community
  • Daily and weekly news alerts
  • New and updated content
  • Useful information

Arbitration in England & Wales

OFSI issues General Licence allowing payments to be made to Arbitration Associations and Arbitrators to cover arbitration fees

The Office of Financial Sanctions Implementation (OFSI) has released General Licence INT/2025/5787748, issued under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019/855) and Regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (SI 2019/600). The licence authorises payments to Arbitration Associations and Arbitrators to meet fees and expenses arising from arbitral services. It further allows payments to a designated person’s representative, or legal representative, to cover Arbitration Costs. With the introduction of this new Arbitration Costs General Licence, General Licence INT/2022/1552576 concerning London Court of International Arbitration (LCIA) Arbitration Costs has been withdrawn. See: LNB News 31/03/2025 18...

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