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LMAA Terms 2021: what's new for end users?

What has changed? While there are a number of minor changes, the key changes for end users are as follows: Additional guidance on the preparation and content of witness statements has been provided. Parties must now provide more detailed cost estimates within LMAA Questionnaires. Virtual and semi-virtual hearings are formally recognised. The LMAA president may appoint a substitute arbitrator where it becomes apparent that one of the original arbitrators is incapable of conducting the proceeding...
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