22 November 2024
The Australian Centre for International Commercial Arbitration (ACICA) has re-constituted the ACICA Rules Committee to commence the review of the 2021 ACICA Arbitration Rules and ACICA Expedited Arbitration Rules (2021 Rules).
ACICA has conducted a review of its rules every five years since 2011 to reflect international best practice. The 2021 Rules introduced amendments relating to the enhanced oversight of costs, time limits for the delivery of awards, virtual hearings, paperless filing and electronic execution, multi-party and multi-contract arbitrations, effective case management, third party funding, the early determination of disputes, and the use of alternative means of dispute resolution.
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