{"id":4304,"date":"2017-04-28T14:29:27","date_gmt":"2017-04-28T14:29:27","guid":{"rendered":"https:\/\/vila.es\/en\/?p=2151"},"modified":"2020-11-27T10:14:41","modified_gmt":"2020-11-27T10:14:41","slug":"international-chamber-commerce-icc-new-expidited-arbitration-procedure","status":"publish","type":"post","link":"https:\/\/vila.es\/en\/litigation-and-arbitration\/international-chamber-commerce-icc-new-expidited-arbitration-procedure\/","title":{"rendered":"THE INTERNATIONAL CHAMBER OF COMMERCE (ICC) – NEW EXPIDITED ARBITRATION PROCEDURE"},"content":{"rendered":"

1. Introduction: new expedited arbitration procedure under the Rules of Arbitration of the ICC<\/strong><\/h4>\n

A new version of the Rules of Arbitration of the ICC<\/a><\/span> 2012 entered into force on 1st<\/sup> March 2017, which are directly applicable to all arbitration agreements concluded after said date. The most relevant amendments of the Rules following this express reform include the creation of an expedited procedure in order to resolve conflicts involving amounts of no more than two million US dollars, which is regulated in Appendix 6 of the Rules of Arbitration of the ICC, to which article 30 of the Rules refers (\u201cRules of the Expedited Procedure\u201d).<\/p>\n

2. Scope of application<\/strong><\/h4>\n

In accordance with article 30 of the Rules of Arbitration of the ICC, the expedited procedure is automatically applicable when the arbitration agreement, which the parties submit to ICC arbitration has concluded after 1st<\/sup> March 2017, unless the parties have expressly excluded this possibility (via an opt-out clause) or the ICC Court \u2013 at the request of one of the parties before the constitution of the arbitral tribunal or upon its own motion – \u00a0determines that such proceedings are inappropriate in light of the circumstances of the case.<\/p>\n

Likewise, those parties who wish to resolve their disputes via an expedited procedure, irrespective of the amount in dispute, in the interest of playing for time or money, may expressly opt for the application of such procedures, thus including an opt-in clause in their arbitration agreement.<\/p>\n

3. Characteristic features<\/strong><\/h4>\n

The most characteristic features of the expedited procedure concern the composition of the arbitral tribunal and the timing of the procedure:<\/p>\n