JAMS Announces Updated International Arbitration Rules
November 02, 2016
Irvine, Calif. – In an effort to provide attorneys and their clients with the most up-to-date rules that suit the needs of their cases, JAMS is proud to announce it revised its International Arbitration Rules and Procedures, effective September 1. Changes to the rules incorporate the latest developments and trends in arbitration, including the addition of emergency arbitrator procedures, sanctions and expedited procedures.
“The updated International Rules demonstrates that JAMS provides attorneys and their clients a superior arbitration process that is both efficient and cost effective,” said Chris Poole, JAMS president and CEO. “Our Rules lead the market, and our respected and skilled arbitrators continue to provide the highest quality dispute resolution services around the world.”
One of the most significant changes is the addition of Emergency Relief Procedures (Article 3), which allows for the quick appointment of an Emergency Arbitrator to hear and resolve requests for emergency relief prior to the appointment of the case Arbitrator.
Additionally, Article 26 makes it explicit that a Tribunal has the power to entertain and grant a dispositive motion in appropriate circumstances. Article 33 authorizes a Tribunal to order appropriate sanctions for the failure of a party to comply with its obligations under the Rules or with an order of the Tribunal.
Optional Expedited Procedures were also added to assure that an award is issued within six months from the date when the Tribunal is constituted.
Following is a link to the International Arbitration Rules and Procedures.
Founded in 1979, JAMS is the largest private provider of mediation and arbitration services worldwide. With Resolution Centers nationwide and abroad, JAMS and its nearly 350 exclusive neutrals are responsible for resolving thousands of the world’s important cases. JAMS may be reached at 800-352-5267.