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cheapest Mediation in uk.eu cases:
Best and Cheapest Arbitration
Venues in the UK & EU for Antitrust Damages: the Ad Hoc Arbitration (UNCITRAL Rules) – Cheapest Option
- Why? No institutional admin fees; only arbitrator fees apply.
- How? You and the opposing PLC agree to arbitration and appoint an arbitrator. If they refuse, apply to the Commercial Court (UK High Court) to appoint one.
- Estimated Cost: Arbitrator’s hourly fee (£200–£500/hr), no institution fees.
- Downside: More procedural management needed, but cost-effective.
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Since you are based in London, and the Public Limited Company (PLC) can be from any country, the correct venue for filing a demand for arbitration depends on several factors:
1. Check the Arbitration Agreement (if applicable)
- If there is a pre-existing arbitration clause in a contract between you and the PLC, check:
- The seat (location) of arbitration specified.
- The rules governing arbitration (e.g., ICC, LCIA, UNCITRAL).
- The arbitral institution (if named).
2. If No Pre-Existing Agreement – Choose a UK-Based Arbitration Venue
If no arbitration agreement exists, or you have the flexibility to choose arbitration in the UK, you can file your arbitration claim with a recognized arbitration institution in London, such as:
(A) London Court of International Arbitration (LCIA) Website: www.lcia.org Filing Process: Submit a Request for Arbitration to the LCIA Registrar and pay the applicable fee. Rules Applied: The LCIA Arbitration Rules (default unless parties agree otherwise). Why LCIA? One of the most respected international arbitration institutions, commonly used for disputes involving multinational corporations.
(B) Chartered Institute of Arbitrators (CIArb) Website: www.ciarb.org Offers ad hoc and institutional arbitration.You can specify CIArb rules if arbitration is conducted independently.
(C) International Chamber of Commerce (ICC) – UK Chapter. Website: www.iccwbo.org ICC arbitration can be initiated from London even if the PLC is foreign.
(D) Ad Hoc Arbitration (UNCITRAL Rules) If you prefer ad hoc arbitration, you can conduct proceedings under UNCITRAL Arbitration Rules and appoint an independent arbitrator. In this case, you may need to apply to the Commercial Court (High Court of England and Wales) for assistance in appointing an arbitrator if the other party refuses to cooperate.
(E) Financial Services-Specific Arbitration. If the dispute is financial-sector-related, you may consider arbitration forums like:The Financial Industry Regulatory Authority (FINRA) The Financial Services Ombudsman (if applicable to consumer disputes)
Conclusion – Next Steps for You
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Filing Arbitration Against a PLC:
- If there’s an existing arbitration clause → Follow the agreed institution (LCIA, ICC, etc.).
- If no clause → You can initiate arbitration at LCIA, ICC (UK), or use ad hoc arbitration in London.
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Becoming an Arbitrator:As a solicitor, no need for courses, just apply for inclusion in LCIA or ICC panels once experienced.