Awards shall be final and binding on the parties as from the date they are made. (h) Specific expenses incurred by the Tribunal in connection with the arbitration will be charged at cost. All arbitrators (whether or not nominated by the parties) conducting an arbitration under these Rules shall be and remain at all times wholly independent and impartial, and shall not act as advocates for any party. and specifying the relief claimed; 18.2 The Tribunal shall specify in the award the total amount of the costs of the arbitration, subject to the confirmation of the Court that the amount is in conformity with the Schedule of Costs. 15.1 The Tribunal may direct the parties in such proportions as it deems just and subject to the confirmation of the Court that the amounts are in conformity with the Schedule of Costs, to make one or several interim or final payments on account of the costs of the arbitration.
To enable the LCIA to maintain its worldwide services and to meet the ever changing needs of the international business community, it has formed "Users" Councils covering the major trading areas of the world. The Arbitration Court of the LCIA, in these Rules called "The Court", has the function of ensuring the application of the Rules. subject to such proof of authority as the Tribunal may require. If the Tribunal has determined that all or any part of the costs of the arbitration shall be paid by any party other than a party which has already paid them to the Court, the latter shall have the right to recover the appropriate amount from the former. 20.1 A party who knows that any provision of, or requirement under, these Rules has not been complied with and yet proceeds with the arbitration without promptly stating its objection to such non-compliance, shall be deemed to have waived its right to object. Any party may be represented by legal practitioners or any other representatives. as well as the subject matter of their testimony and its relevance to the issues. (f) the fee prescribed in the Schedule of Costs; 18.3 The Tribunal shall have the authority to order in its award that all or a part of the legal or other costs of a party (apart from the costs of the arbitration) be paid by all other party. (c) Expenses incurred by the Secretariat of the LCIA in connection with the arbitration (payable with award or on interim invoice) at cost (b) After initial appointment, for time spent by the Secretariat of the LCIA in the administration of the arbitration (payable with award or on interim invoice) (d) allow any party, upon such terms (as to costs and otherwise) as it shall determine, to amend claims or counterclaims; In the ease of a three-member Tribunal the Court will designate the Chairman, who will not be a party-nominated arbitrator.
before the final award is made, the parties shall be jointly and severally liable to pay to the Court the costs of the arbitration as determined by the Tribunal. 16.8 By agreeing to arbitration under these Rules, the parties undertake to carry out the award without delay, and waive their right to any form of appeal or recourse to a court of law or other judicial authority.
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