The 2016 Rules of the Australian Centre for International Commercial Arbitration: Towards Further ‘Cultural Reform’
Asian International Arbitration Journal, Vol. 12, No. 2, pp. 211-234, 2016
22 Pages Posted: 2 Jun 2016 Last revised: 9 Nov 2016
Date Written: May 31, 2016
This commentary on the 2016 ACICA Arbitration Rules highlights key changes aimed primarily at enhancing the efficiency of international arbitration proceedings in Australia. These may contribute directly, but also indirectly by prompting further legislative reforms, to an ongoing ‘cultural reform’ towards enhanced autonomy for parties and arbitral tribunals. The main changes in the 2016 Rules include: (i) expedited procedures automatically applied (in principle) to disputes of up to $5 million, (ii) guidelines for party representatives as well as arbitrators, (iii) preliminary conferences raising the possibility of other dispute settlement techniques, (iv) extensive provisions on consolidation and joinder, and (v) awards of in-house counsel costs or against recalcitrant respondents who delay paying deposits. The paper ends by sketching several new possibilities for further reducing costs and delays in international commercial arbitration, which may be incorporated into institutional guidelines or future Rule amendments.
Keywords: international commercial arbitration, dispute resolution, asian law, commonwealth law
JEL Classification: K10, K30, K33
Suggested Citation: Suggested Citation