
Archived ArticleWritten 9/27/16
College of Commercial Arbitrators Protocols for Expeditious,
Cost-Effective Commercial Arbitration
Speed, Economy and Efficiency in Commercial Arbitration:
Failed Expectations, Shared Responsibility
Despite meaningful efforts to promote better practices and ensure quality among arbitrators and advocates, criticism of American commercial arbitration is at a crescendo. Much of this criticism stems from the fact that businessâ€toâ€business arbitration has taken on the trappings of litigation-extensive discovery and motion practice, highly contentious advocacy, long cycle time and high cost. While many business users still prefer arbitration to court trial because of other procedural advantages, the great majority of complaints being voiced by arbitration users are the same: commercial arbitration now costs just as much, and takes just as long, as litigation. Clients and counsel often wonder aloud what happened to the economical and efficient alternative to the courtroom.
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