Easily Replace Currency in the Arbitration Agreement

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How to Replace Currency in the Arbitration Agreement

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hello and welcome once again to latoyas law im steve lay to attorney at law in the state of michigan ive been practicing law for 23 years almost 24 and ive been doing a podcast now for a little over half a year and today were trying an experiment its the multimedia experience if all goes well this podcast will not only be on your digital device but itll also be on youtube where you can watch a talking head namely mine as i deliver the sounds that you hear on the podcast im also a frequent writer for jalopnik sub blogs opposite lock and car buying and i do talk a lot about consumer protection and lemon law because thats what i do in real life as i practice lemon law when im not writing uh columns and or books i recently wrote a column called avoid getting screwed by the arbitration trap and im not a big fan of arbitration but a lot of people are and its mainly big businesses trying to push consumers into binding arbitration where they can screw you over they will say theyre

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What is Article 28 of the LCIA rules?

Article 28 - Arbitration and Legal Costs The parties shall be jointly and severally liable to the Arbitral Tribunal and the LCIA for such arbitration costs. 28.2 The Arbitral Tribunal shall specify in the award the total amount of the costs of the arbitration as determined by the LCIA Court.

What is Article 18.3 of the LCIA Rules?

Under Articles 18.3 and 18.4 of the 2014 Rules, a party must notify to the Arbitral Tribunal any intended change or addition to its named representatives, and the Arbitral Tribunal may withhold approval of that intended change or addition where the change or addition could compromise the composition of the Arbitral

What is Article 23 1 of the arbitration rules?

(1) Within the period of time agreed by the parties or determined by the arbitral tribunal, the claimant shall state his claim and the facts supporting the claim, and the respondent shall state his defence in respect of these particulars.

What is Article 15 of the LCIA rules?

Article 15 Written Stage of the Arbitration 15.1 Unless the parties have agreed or jointly proposed in writing otherwise or the Arbitral Tribunal should decide differently, the written stage of the arbitration and its procedural timetable shall be as set out in this Article 15.

What is Article 25 of LCIA rules?

25. If the LCIA Court decides to grant the application, it will then proceed to appoint the Arbitral Tribunal and, in this context, may abridge the time for service of any Response or for nomination of any arbitrator (taking in account any procedure agreed by the parties).

What are the LCIA rules?

The LCIA arbitration rules are universally applicable, being suitable for all types of arbitrable disputes. They offer a combination of the best features of the civil and common law systems, including in particular: Maximum flexibility for parties and tribunals to agree on procedural matters.

What is the difference between ICC and LCIA rules?

Unlike the ICC arbitration rules, the LCIA rules only make provision for the expedited arbitration process in exceptional circumstances of urgency. Article 9A of the LCIA rules requires either party to make an application for the expedited process stating the grounds of urgency.

What are the requirements for a notice of arbitration?

Specifying the Seat and Number of Arbitrators: Many institutional rules require that a notice of arbitration contain any agreed details as to arbitral procedure, such as the arbitral seat and number of arbitrators. When such details have not yet been agreed, a party is sometimes required to put forward its proposal.

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