Key Features of the AIAC Arbitration Rules 2021

On 1st August 2021, the AIAC was thrilled to announce the launch of the AIAC Arbitration Rules 2021 (“2021 Rules”). As part of Asia ADR Week 2021, the AIAC considered that it would only be fitting to dedicate a full day on 18th August 2021 to the unique features of the 2021 Rules, which contain significant departures from their predecessor – the AIAC Arbitration Rules 2018.

Ms. Michelle Sunita Kummar (Head of Legal, AIAC) presents the key features of the 2021 Rules, including the newly embedded Fast Track Procedure, a revamped appointment procedure incorporating a provision for multi-party appointments, new provisions on impartiality and independence as well as the conduct of proceedings, new provision on the replacement of the arbitral tribunal, revised emergency arbitration procedures, a new summary determination procedure, revamped joinder and consolidation provisions which permit the commencement of multi-contract arbitrations, and expansive provisions relating to the closure of proceedings, technical review and the drafting of arbitral awards.