A significant number of arbitral institutions and centers recently released updated versions of their rules. Mealey's International Arbitration Report asked experts on five new sets of rules to review the key changes, the reasons for the amendments and how the updates will impact arbitration in the future.
Mark C. Hilgard of Mayer Brown in Frankfurt, Andrew Aglionby of the Chartered Institute of Arbitrators and of the Hong Kong Institute of Arbitrators in Hong Kong, Dr. Veit Öhlberger of DORDA Rechtsanwälte GmbH in Vienna, Olena Pereplynska of INTEGRITES in Kiev and Albert Bates Jr. of Pepper Hamilton in Pittsburgh discuss these important changes.
A new version of the Vienna International Arbitral Centre (VIAC) Rules became effective Jan. 1. The new rules were approved by the Extended Presiding Committee of the Austrian Federal Economic Chamber on Nov. 29. The VIAC announced that the rules, which include Rules of Arbitration, Rules of Mediation and Annexes, apply to all arbitrations commenced after Dec. 31, 2017. The previous version of the rules was issued in 2013. Dr. Veit Öhlberger, M.Jur (Oxon), is a partner at DORDA Rechtsanwälte GmbH, and a member of the Vienna Bar. His practice focuses on arbitration (as party counsel and as arbitrator) as well as on trade, supply and distribution. He heads the firm's China desk.
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