LCIA International Arbitration

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London Seat of Arbitration:  London being one of the oldest, reliable seat of arbitration right from the beginning, a large number of contracts have arbitration clauses with London as the seat of Arbitration. Due to arbitration friendly supervisory courts in London, effective disposal of arbitration related litigation, consistent and predictable judicial verdicts of the London courts,London is one of the most favorable seats in the world. Even though Adhoc, ICC, AAA etc., arbitrations are also possible in London, mostly parties incorporate LCIA as the arbitration institution and English law as the procedural law. When parties choose LCIA as the arbitral Institution then the LCIA Rules are applicable in determining the procedural aspects of the arbitration. The firm has strong experience and expertise in handling International commercial arbitration in London particularly as per the rules of London Court of International Arbitration (LCIA) Rules. Our senior partner S. Ravi Shankar has in-depth knowledge and expertise in handling complex international arbitrations involving multi jurisdictions.

LCIA Arbitration Where Indian law is the Substantive Law: While finalising an international contract between parties from different jurisdictions, parties can determine the applicable laws, as per which disputes will be resolved in case dispute arise between the parties out of the contract and incorporate it in the contract. Once parties choose the London seat then the supervisory jurisdiction over that goes to London Courts and the procedural law becomes UK Arbitration Act,1996. But if the assets created by the contract are situated in India or for any other reason parties may choose Indian law as the law governing the contract or substantive law, then the arbitrators have to interpret the contract and decide the disputes as per Indian law. In such matters the firm and its partners can handle the entire matter on their own, without involving any UK qualified lawyer, till the pronouncement of an award. In case of any challenge preceding, the firm shall use the services of its UK Associate lawyer. Due to this the Firm is able to effectively cut the costs of arbitration and keep it affordable and reasonable. The Firm has many Associate Barristers and Solicitors in London with a command over arbitration matters. 

LCIA Arbitration Where a Foreign Law is the Substantive Law: While finalizing the contract parties determine the applicable laws which should be used to resolve the disputes, in case dispute arise between the parties out of the contract. Once parties choose the London seat then the supervisory jurisdiction goes to London Courts and the procedural law becomes Arbitration Act, 1996 of UK. But if the for any other reason parties may choose any law of a foreign country as the law governing the contract or substantive law, then the arbitrators have to interpret the contract and decide the disputes as per that law. In such matters the firm and its partners take the assistance of a prominent lawyer having strong exposure to that foreign law, to assist our arguing counsel. In case of any challenge preceding the firm shall use the services of its UK qualified Associate lawyer. Due to this capability the Firm is able to effectively cut the costs of arbitration and keep them within the reasonable levels.

Enforcement of Foreign Awards Passed in Singapore:  UK is a signatory of New York Convention for recognition and enforcement of International Arbitration awards. Almost all the signatory countries recognize the awards passed in London and hence enforceable all over the World. The firm can assist the parties from the stage of appointment of competent arbitrators either from UK or from neutral country or from India till the delivery of the final award. The firm can handle all the aspects of the arbitration in London and related litigation as per UK law in the London Courts through the Associate UK lawyers. The firm also can assist clients to execute the international arbitration award passed in UK either in UK or in any other country.