A significant step forward towards time and cost-effective arbitration: UNCITRAL adopted its 2021 Expedited Arbitration Rules

The United Nations Commission on International Trade Law (“UNCITRAL“) plays a significant role in harmonizing and modernizing the rules on international trade through the texts it publishes. As part of this mission, the UNCITRAL Arbitration Rules (“Arbitration Rules”), which aim to provide the parties with a complete set of rules in institutional and ad hoc arbitrations, were first published in 1976 and revised in 2010 and 2013…