LCIA Arbitration 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 Speed and efficiency in the appointment of arbitrators, including expedited procedures Means of reducing delays and counteracting delaying tactics Emergency arbitrator provisions Tribunals' power to decide on their own jurisdiction A range of interim and conservatory measures Tribunals' power to order security for claims and for costs Special powers for joinder of third parties and consolidation Waiver of right of appeal Costs computed without regard to the amounts in dispute Staged deposits - parties are not required to pay for the whole arbitration in advance