Key Points:
Thirty-four years on from the introduction of the
UNCITRAL Arbitration Rules, the modified and improved UNCITRAL
Arbitration Rules have come into force.
Four years in the making, the Working Group of the United
Nations Commission on International Trade Law
("UNCITRAL") has completed the long-awaited revisions to
the UNCITRAL Arbitration Rules of 1976. The new 2010 UNCITRAL
Arbitration Rules came into force on 15 August 2010 and are
applicable to all arbitration agreements concluded after that date.
They reflect the development of international commercial
arbitration in the last 34 years. The rules were primarily
developed for use in ad hoc arbitrations but have been
broadly accepted in both ad hoc and institutional
arbitrations. They have also been widely used in investor-state and
state-state arbitration.
