Volume 11 (2014) / Issue 44
ABSTRACT: This article addresses the major changes incorporated into the new ICDR International Arbitration Rules effective June 1, 2014. The changes have responded to users demand, consolidated what was already the practice of the ICDR, and incorporated the ICDR Guidelines for Arbitrators on Exchange of Information. In addition, the New Rules bring other interesting features, such as the provision of the consolidation arbitrator, the express exclusion of US litigation procedures, the international expedited procedures for cases up to USD $250,000, the express possibility for the ICDR to invite the parties to mediate in a parallel track with arbitration, the electronic documents provision, the rule on privilege, and the express reference to the administrative conference call with the parties before the appointment of the arbitral tribunal and the list method for appointing arbitrators. We note that the main goal of the New Rules is based on the following three pillars: increasing the efficiency of arbitration, reducing costs, and preserving the impartiality and independence of arbitrators. Lastly, there is an important role for mediation as a means of conflict resolution.
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