Accelerating The Pace Of International Arbitration: A Comparative Look At The ICC's New Expedited Procedure Provisions

International arbitration has become the preferred means of resolving cross-border commercial disputes in the modern business world. However, increasing demand for arbitration has resulted in complaints about delay and the costs of arbitral proceedings, which, in turn, is driving demand for change aimed at improving the efficiency and cost-effectiveness of arbitration.

Expedited arbitration is a relatively new process in international arbitration that is often used for disputes of limited value. It aims to shorten the duration of arbitral proceedings and reduce the cost of arbitration while preserving its main principles and purposes. The International Chamber of Commerce (ICC) is the latest institution to have introduced expedited arbitration procedures. It joins several other arbitral institutions, including the Stockholm Chamber of Commerce (SCC), International Centre for Dispute Resolution (ICDR), Singapore International Arbitration Centre (SIAC), Swiss