Following consultation with some of the leading international arbitration institutions1, on 30 April 2015 the Financial Sector Branch of The Arbitration Club2 launched the "Financial Services Expedited Arbitration Procedure" (freely available at http://arbitrationclub.org.uk/financial-sector/eplaunch). This procedure, which aims at the production of an award on the merits within 22 weeks, offers financial institutions and their clients a new means to expedite their arbitration procedure and keep costs down.
Designed to supplement the standard arbitration rules of international arbitral institutions, the Financial Services Expedited Arbitration Procedure proposes a series of model clauses to be included in arbitration agreements. However, each of these clauses can also stand alone, allowing contracting parties to build the procedure which best fits their dispute.
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