LCIA definition
Examples of LCIA in a sentence
All unresolved disputes, claims, or controversies arising out of this Agreement, including any dispute, claim, or controversy as to arbitrability, will be finally and exclusively settled by arbitration administered by the London Court of International Arbitration (“LCIA”) under the LCIA Arbitration Rules in force at the time of the filing for arbitration of such dispute.
If any of the three arbitrators are not nominated within the time prescribed above, then the LCIA Court shall appoint the arbitrator(s).
The arbitrator shall be appointed jointly by both parties and if the parties cannot agree on the identity of the arbitrator within thirty (30) days of a request for arbitration, the arbitrator shall be selected in accordance with the LCIA Rules.
The two arbitrators so nominated by the Parties shall nominate the presiding arbitrator to be appointed by the LCIA Court, within 30 days after the confirmation of the later-nominated arbitrator.
If the parties are unable to resolve the dispute or claim in accordance with clause 27.1, the parties shall seek settlement of that dispute or claim by mediation in accordance with the LCIA Mediation Rules (as at the date of such mediation), and those Rules are deemed to be incorporated by reference into this clause 27..