Court identifies ‘properly arguable’ fraud and public policy challenge to LCIA Consent Award and grants extension of time for referral to trial

In allowing the challenge to be brought some 511 days out of time, the court held that, in this exceptional case, while the authority of the parties legal representatives may have been competent for the tribunal to issue the consent award, there remained a possibility that the parties’ real motives in settling the dispute were dishonest – something which a counterparty could have taken advantage of, thereby depriving the consent award of true consent.