Getting Value for Money from Arbitration - Part 2 of a 2-part series: International Arbitration


One of the most important questions that parties should ask before concluding a contract is what should the "settlement of disputes" clause in our contract be? Which is preferfable: a clause providing for international arbitration, through a body such as the LCIA or ICC,1 or a clause referring any disputes to the national court? There are strong reasons in favour of each forum including, most compellingly, the enforceability of an Award or Judgment in the paying parties' country. However, costs are almost always an important factor.

This client alert explains recent changes made by the LCIA and ICC to their fee charging arrangements, the reasons for these changes and the practical effect of the different costs structures.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Reed Smith | Attorney Advertising

Written by:


Reed Smith on:

Popular Topics
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.