UNCITRAL Working Group II: Procedural Tradeoffs to Reach Efficiency in Expedited Arbitration and Why Financial Threshold Should Not Be the Only Triggering Factor
Expedited arbitration is often associated with smaller value disputes. For example, the International Chamber of Commerce suggests expedited arbitration for disputes of $2 million or less, while the Hong Kong International Arbitration Centre has a $3 million threshold for expedited arbitration. Expedited arbitration makes procedural tradeoffs that are deemed warranted because there isn’t that much…