Tom Moore assesses the impact of the new London arbitration rulebook
The battle lines between arbitration lawyers and litigators have long been drawn along arguments of efficiency and cost. The urban myth, somewhat manufactured by arbitration practitioners themselves, that arbitration is more expedient and less costly than its cousin in the courts has long been dismissed, while increasingly the London Court of International Arbitration (LCIA) is not only competing with courts for big-ticket cases, but other institutions around the world.
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