ICC arbitrations based on agreements entered into in 2021 and beyond will follow an expedited procedure if the amount in dispute is $3 million or less – up from the previous $2 million or less.
This expansion of the automatic applicability of the Expedited Procedure is one of the most significant amendments made to the revised ICC Arbitration Rules 2021, which entered into force on January 1, 2021. It is thus important for parties agreeing to ICC arbitration to be acquainted with the key features of that procedure and with their ability to either opt-in or opt-out of it.
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This article first appeared on Arbitration Matters, here. In Spirit Bay Developments Limited Partnership v Scala Developments Consultants Ltd., 2021 BCSC 1415, Justice Davies set aside a portion of an arbitral...
By Lisa C. MunroThis article was first published on the Practical Law Arbitration Blog in two parts on 3 and 13 September 2021. Expedited arbitration gained currency as part of the arbitration community’s...
By Alexander UffIn this episode of the Arbitration Conversation, Amy interviews Adriana Vaamonde, Exec Director, Centro de Arbitraje Cámara de Caracas. Adriana is a Legal Advisor in International Commercial Arbitration, Arbitrator, and...
By Adriana Vaamonde Marcano, Amy Schmitz
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