December 07, 2010
Accelerated Global Arbitration Rules: A Curb on Madness.
CPR's are barely 15 months old. Global. Commerical. Agile. Mobile. Flexible. Deliberately Hostile to making attorneys the main event. Aggressive. We are all free to use them to conduct arbitrations as they were originally intended to be conducted--and "get it done". Make closure a priority--and even a success. Puts the arm on lawyer wankfests. No, you won't starve. Tell your clients about them. Get them in contract clauses. See "Global Rules For Accelerated Commercial Arbitration (effective August 20, 2009)" by the NYC-based CPR Institute. They are custom-built for higher stakes disputes arising under business-to-business contracts. Best two features: (1) The default position is a sole (one) arbitrator. (2) Arbitrators should make award ASAP and in any event within six months of formation of the tribunal.
Posted by Holden Oliver (Kitzbühel Desk) at December 7, 2010 11:59 PM