7 May 2026, London.
On 11 March 2026, the LCIA has launched a consultation designed to ensure that the LCIA Arbitration Rules and LCIA Mediation Rules continue to reflect modern practice and the real world experience of those who use them. It asked members of the LCIA to contribute to that process by expressing their proposals for revision. The following themes were identified as areas of particular interest:
include:
- Expedited and fast-track procedures
- Emergency arbitrator updates
- Early determination refinements
- Tools for coordinating related disputes
- Third-party funding disclosure and tribunal powers
- Anonymised award publication options
- Costs reform, including optional ad valorem schedules and cost-control tools
- ADR integration, including settlement windows and referral mechanisms
- AI disclosure and guardrails
- Digital-ready proceedings, cybersecurity, and data protection
- Inclusion, sustainability, and governance provisions
- Tailored provisions for State and SOE disputes
AFFAKI has shared today with the rule revision committee its proposals for the improvement of efficiency, reduction of procedural friction, enhancement of enforceability, and better supporting users in practice.
Clients and friends of AFFAKI can contact us anytime to discuss this matter.