On 1 March 2017, the new ICC Expedited Procedure Provisions
came into force with the aim of reducing cost and improving
efficiency for arbitration claims under US$2 million (or a higher
amount, if the parties agree). With the ICC International Court of
Arbitration having oversight of the new expedited procedure, and
maintaining final scrutiny of the final award, this is a unique
offering to the market. It seeks to meet demands for efficiency and
cost-effectiveness while at the same time maintaining the essential
hallmarks of ICC arbitration. The ICC has come relatively late to
the idea of an expedited process when compared to certain other
arbitral institutions. But its ambition here is a welcome one to
deliver the sought-after outcome – speedy, cost-effective,
quality private justice. However, judgment on that must lie in the
future, once the new system has been tried and tested. For now,
users must weigh up the potential advantages and disadvantages of
this new
