LCAM Blockchain Expedited Arbitration Rules–key procedural features

In the context of a rapidly growing digital asset market, there is a clear need for dispute resolution frameworks which are suitable for Web3 disputes.

A bespoke set of arbitral rules has been created by the London Chamber of Arbitration and Mediation (LCAM) to meet the unique challenges of so-called “bug bounty” disputes. These rules, produced in collaboration with blockchain security platform Immunefi, are designed to account for the complexities of this type of dispute.

Lucy Pert and Edward Nyman have now produced a note for LexisNexis explaining how the LCAM Blockchain Expedited Arbitration Rules work, including the advantages of arbitrating under the Rules and the key practical issues parties need to be aware of.

The full LexisNexis note (subscription only).