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Dr Yang And The Optics of Logistics
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Hill Dickinson welcomes update of arbitration procedures | Hellenic Shipping News Worldwide
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What has changed?
While there are a number of minor changes, the key changes for end users are as follows:
Additional guidance on the preparation and content of witness statements has been provided.
Parties must now provide more detailed cost estimates within LMAA Questionnaires.
Virtual and semi-virtual hearings are formally recognised.
The LMAA president may appoint a substitute arbitrator where it becomes apparent that one of the original arbitrators is incapable of conducting the proceedings or attending the hearing (or there are justifiable doubts as to this point).
When are these changes taking place?
The new suite (including, intermediate claims procedures (ICP) and small claims procedures (SCP)) of updated LMAA Terms came into effect on 1 May 2021. Subject to the terms of the relevant arbitration agreement, these terms will apply for arbitrations commenced on or after 1 May 2021.(1)
London maritime arbitration adapts to the changing times: English law remains lex franca of the maritime world
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