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Arbitration Centre Adopts UNCITRAL Arbitration Rules (as revised in 2010)

Arbitration Centre Adopts UNCITRAL Arbitration Rules (as revised in 2010)

VIENNA, 14 March (UN Information Service) – The Cairo Regional Centre for International Commercial Arbitration (CRCICA) has adopted, on 1 March 2011, new arbitration rules incorporating the UNCITRAL Arbitration Rules as revised in 2010. CRCICA was established under the auspices of the Asian-African Legal Consultative Organization (AALCO), an inter-governmental organization comprising 47 governments of the Asian and African region, in cooperation with the Government of Egypt. The rules are available in both Arabic and English.

Recognized as one of the most successful international instruments of a contractual nature in the field of arbitration, the original UNCITRAL Arbitration Rules, adopted in 1976, have been used for the settlement of a broad range of disputes, including disputes between private commercial parties where no arbitral institution is involved, commercial disputes administered by arbitral institutions, investor-State disputes and State-to-State disputes. They have also been adopted by numerous arbitral institutions as their institutional rules.

On 25 June 2010, the United Nations Commission on International Trade Law adopted the revised UNCITRAL Arbitration Rules, which came into effect on 15 August 2010. They include additional provisions dealing with, for example, multiple parties arbitration and joinder, liability, and a procedure to object to experts appointed by the arbitral tribunal. A number of innovative features aim to enhance procedural efficiency, including revised procedures for the replacement of an arbitrator, a requirement for reasonableness of costs and a mechanism for reviewing the costs of arbitration.

Sursa

Posted in Reglementari, UNCITRAL.


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