| ELEMENT | ARBITRATION | EXPEDITED ARBITRATION |
|---|---|---|
| Request for Arbitration | May be accompanied by the Statement of Claim. (Art. 10) | Must be accompanied by the Statement of Claim. (Art. 10) |
| Answer to the Request | Must be submitted within 30 days of Respondent’s receipt of the Request from the Claimant. (Art. 11) If the Claimant filed a Statement of Claim with the Request, the Statement of Defense may be submitted with the Answer. (Art. 12) |
Must be submitted within 20 days of the date the Respondent’s receipt of the Request from the Claimant. (Art. 11) The Answer must be accompanied by the Statement of Defense, including any counter-claims. (Art. 12) |
| Arbitral Tribunal | One or more arbitrators may be appointed. (Art. 14) In the event of a party’s failure to appoint an arbitrator or in the absence of party agreement, the Center is authorized to make the appointment pursuant to a list procedure (Art. 19). Detailed articles regarding the composition and establishment of the Tribunal. (Arts. 14 to 20) |
Only a sole arbitrator may be appointed. (Art. 14(a)) If the appointment of the sole arbitrator is not made within 15 days after the commencement of the arbitration, appointment is made by the Center. Center is not required to follow the list procedure. (Art. 14(b)) |
| Statement of Claim | May be submitted with the Request, otherwise within 30 days following notification of the establishment of the Arbitral Tribunal. (Arts. 10 and 41) | Must be submitted with the Request. (Art. 10) |
| Statement of Defense | Must be submitted within 30 days after receipt of the Statement of Claim or within 30 days after receipt of notification of the establishment of the Tribunal, whichever is later. (Art. 42(a)) | Must be submitted within 20 days from the date on which the Respondent receives the Request from the Claimant. (Art. 11 and 12) |
| Further Written Statements | If a counter-claim or set-off has been made, the Claimant’s reply must be submitted within 30 days following receipt thereof. (Art. 43(a)) | If a counter-claim or set-off has been made, the Claimant’s reply must be submitted within 20 days following receipt thereof. (Art. 37(a)) |
| Hearings | Date, time and place of any hearing to be determined by the Tribunal. (Art. 53(b)) No limit specified as to the length of hearings. No specific provisions regarding the submission of a post-hearing brief. |
Any hearing must be convened within 30 days after the receipt by the Claimant of the Answer. (Art. 47 (b)) Except in exceptional circumstances, hearings may not exceed 3 days. (Art. 47(b)) Expectation that each party will bring to the hearing such persons as necessary to inform the Tribunal adequately of the dispute. (Art. 47 (b)) Specific provision allowing for the possibility of a post-hearing brief. (Art. 47(e)) |
| Tribunal Appointed Experts | Time limit for expert’s report to be set by the Tribunal. (Art. 55) | Expert’s report must be submitted to the Tribunal within 30 days of receipt of the expert’s terms of reference. (Art. 49(a)) |
| Closure of Proceedings | Whenever reasonably possible, the proceedings should be declared closed within 9 months of either delivery of the Statement of Defense or the establishment of the Tribunal, whichever event occurs later. (Art. 63(a)) | Whenever reasonably possible, the proceedings should be declared closed within 3 months of either delivery of the Answer to the Request and Statement of Defense or the establishment of the Tribunal, whichever event occurs later. (Art. 56(a)) |
| Timing of Final Award | Final award should, whenever reasonably possible, be made within 3 months following closing of proceedings. (Art. 63(a)) | Final award should, whenever reasonably possible, be made within 1 month following closing of proceedings. (Art. 56(a)) |
| Arbitration Fees | Different fees apply to arbitrations conducted under the Arbitration Rules and the Expedited Arbitration Rules. | |