The modernised and improved LCIA rules offer greater efficiency and flexibility and include some entirely new provisions.

The 2014 Rules include some completely new provisions, with no equivalent in the previous (1998) Rules, such as an Emergency Arbitrator procedure, ethical guidelines for legal representatives and rules for determining the governing law of the arbitration agreement. However, in many respects they simply represent an improved and modernised version of the previous Rules, having been amended to promote even greater efficiency and flexibility in the arbitral process, or to reflect advances in technology.

This article explains when the 2014 Rules will apply and highlights some of the more interesting changes that have been introduced.