The Development Of Expedited Arbitration Procedures In Asian Institutional Arbitration: A Quick Path To Efficiency

Abstract

Asia's most popular arbitration institutions, CIETAC, SIAC, and HKIAC, have all revised their arbitration rules in the last 2 years. These revisions have sought to introduce new measures enhancing the efficiency of arbitration. As a quick path to an efficient arbitration, the expedited arbitration procedures may be of particular interest to commercial parties. Focusing on the expedited arbitration procedures in the CIETAC, SIAC, and HKIAC arbitration rules, this analysis provides an overview of the threshold amounts for expedited procedures, the structural features of each procedure and potential risks in the adoption of such procedures – notably with imperfect estimations of the arbitration duration.