LCIA publishes its casework report for 2021 – showing among other things an increased number of cases from North America and the Middle East and continued improvement in arbitrator diversity in appointments by the LCIA Court

The LCIA has published its Casework Report for 2021, its annual summary of its caseload and trends. It reported fewer new cases than in the record high year of 2020, in a return to caseload figures around pre-pandemic levels. The top three industry sectors of the LCIA’s caseload remain banking and finance, energy and resources and transport and commodities (together representing 65% of cases).

While the number of cases referred from Russian parties declined (from 6.8% of parties in 2020 to 2.1% in 2021), the percentage of parties from North America and the UAE doubled (from 4.9% and 4.3% of parties in 2020 to 9.8% and 9.5% in 2021 respectively).

The report also demonstrates continued progress by the LCIA Court in the gender and nationality diversity of its arbitrator appointments, in contrast to party appointments.

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USE OF ARBITRATION IN THE BANKING AND FINANCE SECTOR (PART 1): LCIA STATISTICS SHOW GROWTH

The LCIA has released its Annual Casework Report for 2021, showing that disputes in the Banking and Finance sector represented the LCIA’s biggest industry sector in 2021, overtaking Energy and Resources disputes. The 2021 Report shows that 26% of disputes registered with the LCIA in 2021 relate to the sector. The LCIA saw a corresponding increase in loan agreements and other loan facilities agreements in LCIA arbitrations, up from 16% in 2020 to 21% in 2021. Although the headline statistic for the sector were bolstered by a group of 27 related cases (making up 32% of all the banking and finance cases at the LCIA in 2021)  as discussed further below, the LCIA’s figures are in line with a softening of the attitude of finance clients towards arbitration.

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