O. UNCITRAL Exp - Model arbitration clause for expedited arbitration

UNCITRAL Exp
UNCITRAL Expedited Arbitration Rules (2021)

ZivilrechtZivilprozessrecht

The annex to the Expedited Rules contains a model arbitration clause for parties to agree to expedited arbitration under the Expedited Rules. The model arbitration clause notes that the parties should consider adding the appointing authority, the place and the language of arbitration.

When considering whether to refer a dispute that has arisen or could arise in the future to arbitration under the Expedited Rules, the parties should take into account, among others, the following elements:

– The urgency of resolving the dispute;

– The complexity of the transactions and the number of parties involved;

– The anticipated complexity of the dispute;

– The anticipated amount of the dispute;

– The financial resources available to the party in proportion to the expected cost of the arbitration;

– The possibility of joinder or consolidation; and

– The likelihood of an award being rendered within the time frames provided in article 16 of the Expedited Rules.

Import: 22.11.2024