LMAA & SCMA ARBITRATION – A COMPARATIVE APPROACH

Drawing it all together: Conclusions
(C)
• LMAA Terms and SCMA Rules are similar in many
respects. Both provide for “ad hoc” arbitration.
• LMAA Terms and SCMA Rules both emphasise the
parties’ freedom to choose/decide and provide a
wide discretion to the arbitral panel.
• LMAA places a greater reliance upon the provisions
in the standard model law arbitration clause (for
example inclusion of Small Claims/ Intermediate
Claims Procedures).
• Default number of arbitrators now the same.
• Rights of appeal from awards are materially different
where the arbitration is “International”.