Wednesday 17 May 2017
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London Chamber of Commerce and Industry launches new arbitration service
A new arbitration service is being launched today by the London Chamber of Commerce and Industry (LCCI) to offer members and other businesses an in-house service rather than acting as a referral point.
The London Chamber of Arbitration resurrects a historical role for the LCCI as it traditionally played a major role in the provision of arbitration facilities for its members and those who had inserted appropriate arbitration clauses in their contracts.
However, in the recent past the practice has been to refer disputes to other arbitration bodies.
W. Robert Griffiths QC, Head of Chambers, Mondial said: "The London Chamber of Arbitration will provide a bespoke service to those who do business in and with London and will enhance London's preeminent status as an arbitration centre."
Colin Stanbridge, Chief Executive, LCCI said: "This is an excellent way to provide another service for our members to compliment those on offer.
"We hope it will be an attractive facility not only to businesses in London but those throughout the UK and overseas."
The London Chamber of Arbitration can also provide mediation and alternative dispute resolution services on request.
The Board will shortly announce a panel of arbitrators who have been drawn from the ranks of former members of the Judiciary and current senior practitioners.
A list of members who have accepted invitations to join the panel will be published on the LCCI's website.
NOTES TO EDITOR:
1. LCCI is the capital's most representative business organisation, with members ranging in size from multi-national companies to SMEs and sole traders.