
With reports of 3,010 arbitrator appointments, 2020 recorded the highest number of London Maritime Arbitrators Association arbitrator appointments since 2015, thus confirming that the LMAA remains a popular forum for dispute resolution in the shipping industry.
The London Maritime Arbitrators Association has published a new set of terms for all of the ‘full’ procedures (the LMAA Terms 2021), the LMAA Intermediate Claims Procedure 2021 and the LMAA Small Claims Procedure 2021. All take effect from 1 May 2021 and will apply to new arbitrations commenced after that date.
Though certain amendments are simple fine tuning of the rules, others are particularly important in view of the recent challenges arising from by the COVID 19 pandemic. The amendments have again been spearheaded by David Owen QC, and the revised full terms and procedures can be found on the London Maritime Arbitrators Association website. Continue reading “New London Maritime Arbitrators Association terms announced”