Institutional Arbitration Vis-a-Vis Statutory Law: London Court of International Arbitration

Abstract

In 1975, the Institute of Arbitrators (later the Chartered Institute) joined the other two administering bodies and the earlier arbitration committee became the “Joint Management Committee”, reduced in size from the original 24 members to 18, 6 representatives from each of the three organizations. In 1981, the name of the Court was changed to “The London Court of International Arbitration” to reflect the nature of its work, which was, by that time, predominantly international. New and innovative rules were also adopted that year. In 1985, not far short of its centenary, new and innovative rules were promulgated and the LCIA Arbitration Court was established, marking the coming of age of the LCIA as an international institution. In 1986, the LCIA became a private not-for-profit company, limited by guarantee, and fully independent of the three founding bodies. It then set about consolidating its position in the international arena, under the guidance of Sir Michael Kerr, the first President of the LCIA Court, and Bertie Vigrass, the first Registrar of the independent LCIA.