The Arbitration Rules, in force as of 1 July 2020 offer a Simplified Arbitration Procedure providing for a streamlined arbitration with reduced scales of fees.
Under the Procedure, the Arbitral Tribunal is composed of a sole arbitrator and the arbitral award is rendered within three months from the constitution of the Arbitral Tribunal. The Tribunal's powers are extended, i.e. limiting the number and length of the written submissions and, if necessary, holding a single hearing.
The fees of the Sole Arbitrator and those of the Chamber of Arbitration are reduced by 30% average.
The Simplified Arbitration Procedure shall apply:
Downolad the Arbitration Rules and read all the details in the Annexe “D”.