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London Maritime Arbitration Rides out the Pandemic

London Maritime Arbitration Rides out the Pandemic | BDM Blog | BDM Law

The London Maritime Arbitrators Association (LMAA) has reported a solid set of caseload statistics for 2021, despite the disruption of last year.

Members reported 2777 new appointments under its Terms and Procedures in an estimated 1,657 references. The numbers are slightly down on 2020’s figures, although there was an increase in the number of appointments under the Intermediate Claims Procedure, which is designed to deal with claims between US$100,000 and US$400,000.

LMAA arbitrators remained busy in 2021, however, with an estimated 531 awards being published, the highest number since 2016. Of that amount, 77 awards were made after hearings (in-person, virtual and hybrid), which was up slightly on 2020.

The 2021 statistics show that London-seated arbitration under LMAA Terms and Procedures remains the world’s first choice of arbitration for the resolution of maritime disputes.

Please click on the link below to read the original report on the LMAA’s website:

https://lmaa.london/london-maritime-arbitration-rides-out-the-pandemic/

Meanwhile, the full statistics can be accessed at the following link:

https://lmaa.london/wp-content/uploads/2022/03/Statistics-up-to-2021-for-website.pdf

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