Immunefi’s Blockchain Expedited Arbitration Rules, developed in collaboration with Greenberg Traurig, LLP and the London Chamber of Arbitration and Mediation (LCAM), has been shortlisted for “Best Innovation” at the GAR Awards 2025.

The award will be determined by a public vote, which will close on Friday, Feb. 14, 2025, with the winners to be announced at the GAR Awards ceremony taking place in Paris during Paris Arbitration Week. The GAR Awards are given by Global Arbitration Review, a key resource for the international arbitration community.

The Blockchain Expedited Arbitration Rules are designed to support the efficient and cost-effective resolution of complex web3 technology disputes and provide for enforcement of a final arbitral decision both “on-chain” (using Immunefi’s Vault system) and “off-chain” through the New York Convention, enabling decisions to be enforced in 172 countries that are parties to the convention. The Greenberg Traurig London team working with Immunefi and LCAM included Of Counsel Leith Ben Ammar FCIArb, Practice Group Counsel Johnny Shearman, Associate Harvey Rees, and Paralegal Jorge Velazquez.

Unlike traditional methods, Immunefi Arbitration is a uniquely developed method of dispute resolution. A custom set of rules was drafted to govern the system and specifically meet the needs of Immunefi’s users. While arbitration is commonly a private process, the Arbitration System also allows the parties to remain anonymous throughout the process, which is crucial for many security researchers, who often operate under an alias or pseudonym. The Arbitration System will be administered by LCAM, which has adopted specialized procedures and produced a dedicated practice note for arbitrators handling disputes under Immunefi’s system.

“We are delighted to support Immunefi with its market-leading approach to bug bounty programs and to advise on its new dispute resolution mechanism and novel set of arbitration rules. The new rules are specifically designed to cater to Immunefi’s global user base and digital infrastructure,“ Ben Ammar said.

The rules are available on LCAM’s website: https://lcam.org.uk/lcam-blockchain-expedited-arbitration-rules.