LCIA Rules Sample Clauses
The LCIA Rules clause establishes that any disputes arising under the contract will be resolved through arbitration governed by the rules of the London Court of International Arbitration (LCIA). This means that the parties agree to submit their disagreements to an independent arbitral tribunal, following the procedures and standards set by the LCIA, rather than pursuing litigation in national courts. By specifying the LCIA Rules, the clause ensures a neutral, efficient, and internationally recognized framework for dispute resolution, thereby providing predictability and reducing the risk of jurisdictional conflicts.
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LCIA Rules. Except as expressly set forth in Section 10.3, any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, that is not resolved by the parties within […***…] after a party’s delivery to the other party of notice of such dispute shall, upon the written request of either party, be referred to and finally resolved by arbitration under the arbitration rules of the London Court of International Arbitration (the “Rules”), which Rules are deemed to be incorporated by reference into this clause, except to the extent any such Rule conflicts with the express provisions of this Article 10. The arbitration shall be determined by a single, independent, impartial arbitrator. The seat, or legal place, of arbitration shall be London, England. The language to be used in the arbitral proceedings shall be English. The governing law of the contract shall be the substantive law of England, excluding its conflicts of laws principles. [***] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
LCIA Rules. The Facility Agent only may, at any time before instituting any court proceedings pursuant to Clause 40 (Jurisdiction), or within ten (10) Business Days after the Borrower institutes any such proceedings, elect to have any Dispute finally and exclusively settled under the Rules of Arbitration of the London Court of International Arbitration from time to time in effect (the “LCIA Rules”). Should the Facility Agent so elect, the Borrower shall immediately discontinue any court proceedings it has instituted pursuant to Clause 40 (Jurisdiction).