The Simplified Arbitration Procedure Of The Milan Chamber Of Arbitration - Litigation, Mediation & Arbitration
Introduction CAM") enacted its new Arbitration Rules (the " New Rules"), applicable to all proceedings commenced from the same date. The novelties in the New Rules are mainly inspired by the impact of COVID-19 on business relationships and its potential to increase litigation (it is estimated that such an increase might be of about 25%). More generally, the New Rules aim at helping companies and consumers to solve any dispute, even not related to COVID-19, easily, quickly and with lower costs. The New Rules introduce a contractual determination procedure (Annex E) and a Simplified Arbitration...
Source: mondaq.com