2016 | Diciembre 7
On Nov. 4, the International Court of Arbitration of the International Chamber of Commerce (ICC) announced that its Rules of Arbitration would be amended as of March 2017 to implement a new Expedited Rules procedure for smaller disputes. The Expedited Rules are designed to streamline and speed up the arbitration process but involve major departures from the traditional dispute resolution practices to which many are accustomed.
Although the ICC has not yet published the Expedited Rules, the ICC announced that the rules will automatically apply to every case involving less than $2 million in dispute. Parties with larger disputes can mutually choose to adopt them as well.