This article is about arbitration under the Gafta 126 Rules. I have written about the standard Rules 125 here. Gafta created Expedited Arbitration Procedure Rules 126 for rapid dispute resolution. The Association designed these rules for simple disputes of small value. The main advantages of the Rules are speed and cost. Statistically, arbitration under Rules 126 takes 4 months, and arbitration under Rules 125 takes 8 months. The average cost under the expedited rules is…
