Originally from Alternatives to the High Cost of Litigation

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The Rules on the Efficient Conduct of Proceedings in International Arbitration (“Prague Rules”) were launched on Dec. 14, 2018, after several rounds of drafts, comments and redrafting, with the involvement of more than 40 highly regarded, mostly European practitioners.

In 12 articles, the Prague Rules set out how an arbitration should be conducted more efficiently. The Prague Rules’ proclaimed solution to a more efficient arbitration is a strong, proactive tribunal and a limitation of the parties’ rights.

You can find the rules in their entirety at praguerules.com.