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Gafta 126: expedited arbitration

2022-07-09 3 Mins Read

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…

Gafta: tribunal or sole arbitrator?

2022-01-07 6 Mins Read

Every arbitration starts with a question of how many arbitrators shall hear the dispute: a sole arbitrator or a tribunal of three arbitrators. Below I will outline the factors I use before answering this question in Gafta. When can a sole arbitrator be appointed? Under Gafta 125, when filing a notice of arbitration, the claimant has two options: to appoint an arbitrator to a tribunal of three or propose to the respondent that the dispute…