RE:RE:Reading material I posted the wrong Arbitration: LCIA. It should have been: ICDR
ICDR Arbitration
Although the ICDR does not publish its official statistics on the time and cost of arbitration, in the ICDR Time and Cost, Considering the Impact of Settling International Arbitrations Report, the ICDR indicated that the mean duration of arbitration for all ICDR tribunals was 15.4 months, whereas the median duration was 13.1 months. Interestingly, the ICDR Report, which is based on ICDR cases that closed between 1 January 2015 and 31 December 2017, reveals that 72% of ICDR arbitrations settle prior to an award being rendered and that 39% of those settled cases are resolved prior to tribunal fees being incurred. The ICDR considers that it has the quickest mean and mediation duration statistics among the arbitral institutions that publicly report duration statistics with comparable data sets, although the comparison method is not necessarily accurate as it compares different data sets and reporting time periods.