Organisation: London Court of International Arbitration
UK sanctions agency issues general licence for arbitration costs
The UK’s Office of Financial Sanctions Implementation (OFSI) has issued a general licence allowing payments to arbitrators and arbitral institutions from parties subject to the country’s Russia and Belarus sanctions regimes.
16 April 2025
Renaissance Capital loses bid to restrain Russian suits
The Court of Appeal in London has refused to restrain Russian litigation against entities linked to the Renaissance Capital group to enforce an LCIA arbitration clause, saying it had been “deliberately kept in the dark” about the relationship between the party seeking the injunction and the defendants in Russia.
10 April 2025
A celebration of the new English act
An event in London hosted by the UK Ministry of Justice, the LCIA and the IDRC celebrated the passage into law of the new English arbitration act, described as “a labour of love” on the part of some present, and considered how it interacts with the latest version of the LCIA rules.
25 March 2025
Ukrainian lawyers acquitted of fraud in Switzerland
Three partners at Ukrainian firm Eterna Law have been acquitted of fraud charges in Switzerland after a former arbitration client withdrew a criminal complaint that they had forged a legal services agreement.
05 March 2025
Nigerian businessman liable for fuel debts
The Commercial Court in London has ruled that a Nigerian businessman and his company are liable for around U$33 million in debts for fuel purchases and that their defences in related LCIA and DIAC arbitrations were “bound to fail”.
17 February 2025
Mexican utility settles with Spanish consortium
A Spanish construction consortium says that Mexico’s state-owned electric utility has paid a US$22 million LCIA award over cost overruns at a power plant project – as the utility faces a bid to enforce another award.
14 February 2025
Scherer named as president of LCIA Court
Maxi Scherer has been appointed to succeed Paula Hodges KC as president of the LCIA Court.
12 February 2025
LCIA deputy director talks case numbers, growth and rule updates
In a fireside chat at GAR Live Abu Dhabi, the LCIA's deputy director-general Jamie Harrison discussed recent analysis of the institution's case numbers, its growth in the Middle East and the possibility of further amendments to its rules.
04 February 2025
US appeals court orders second look at DIFC-LCIA clause
A US appeals court has quashed a Louisiana court ruling that said a DIFC-LCIA arbitration clause was unenforceable because the designated forum no longer existed following its abolition by the Dubai government.
28 January 2025
LCIA award looms in Ethiopian railway dispute
A Turkish construction company and Ethiopia’s embattled state railway company are awaiting an LCIA award in a dispute reportedly worth US$2.6 billion over a project that was delayed by civil war.
17 December 2024