UNCITRAL Expedited Arbitration Rules 2021

Download or read book UNCITRAL Expedited Arbitration Rules 2021 written by United Nations Commission on International Trade Law and published by United Nations. This book was released on 2022-09-27 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recalling its resolution 2205 (XXI) of 17 December 1966, by which it established the United Nations Commission on International Trade Law with a mandate to further the progressive harmonization and unification of the law of international trade and in that respect to bear in mind the interests of all peoples, in particular those of developing countries, in the extensive development of international trade, Recalling also its resolution 31/98 of 15 December 1976 recommending the use of the Arbitration Rules of the United Nations Commission on International Trade Law1 and its resolution 65/22 of 6 December 2010 recommending the use of the Arbitration Rules as revised in 2010. Mindful of the value of arbitration as a method of settling disputes that may arise in the context of international commercial relations. Noting the value of expedited arbitration as a streamlined and simplified procedure for settling disputes that arise in the context of international commercial relations within a shortened time frame, and its increased use in international and domestic commercial practice for parties to reach a final resolution of the dispute in a cost- and time-effective manner.