Mark W. Friedman has authored an in-depth article for the Bahrain Chamber for Dispute Resolution, discussing expedited procedures.
One of international arbitration’s most appealing features to contracting parties is its relatively low cost and great efficiency compared to litigation in national courts. Or at least it used to be. As arbitration costs have risen and become more public, and as national courts have adopted more pragmatic and streamlined procedures and actively competed for market share of commercial disputes, arbitration’s efficiency advantage has diminished – or least seems to have done so in the minds of the business community. This troubling dynamic has many causes, and the arbitration community has proposed various solutions. Among those solutions are new institutional rules offering expedited arbitration procedures.
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