London Remains Top Global Hub for Maritime Arbitration Post-Brexit
London remains the top global hub for maritime arbitration post-Brexit, with minimal impact on arbitration clauses in English law contracts. The LMAA, founded in 1960, handles disputes in drilling, vessel building, and offshore decommissioning. Arbitrations follow the Arbitration Act 1996, with updated LMAA terms ensuring fair resolution. Costs in LMAA proceedings typically follow the outcome.