By Maya Lester KC & Michael O’Kane

OFSI updates LCIA and agricultural commodities general licences

This week OFSI updated General Licence INT/2022/1552576 “LCIA payments” (notice): editing the definition of DP so that it includes individuals or bodies controlled by the DP and adds definitions of DP representatives and non-DP Arbitral Parties; allowing DP Representatives to pay funds to the LCIA to cover Arbitration Costs; allowing DPs or DP Representatives to transfer funds to their Legal …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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