CPR Announces New Administered Arbitration Rules Effective July 1, 2013

Download a PDF of the Press Release here.

Read the CPR Administered Arbitration Rules here.

MEDIA ALERT            

Media Contact:
Wendi Chason

646-753-8223
wchason@cpradr.org

New rules prompted by requests
for a CPR Administered Arbitration option


New York, NY, July 1, 2013 – The International Institute for Conflict Prevention & Resolution (CPR) announced today that for the first time in its 30 year history, it is releasing Administered Arbitration Rules, effective today for use in contracts. For over 30 years, the nation’s top practitioners have relied on CPR’s non–administered rules to resolve high-value, complex legal disputes. In response to users’ requests, CPR is now offering Administered Arbitration Rules for those requiring an administering authority.  As more worldwide companies sign CPR’s Corporate Policy Statement on Alternatives to Litigation, International Pledge Agreements and the 21st Century Corporate ADR Pledge, CPR is excited to offer another dispute resolution mechanism with its Administered Arbitration Rules. While these rules can be adapted for cross border disputes, CPR is also currently drafting a specific set of rules for international disputes.

CPR’s Administered Arbitration Rules were drafted by a subcommittee of CPR’s Arbitration Committee, chaired by Robert Smit of Simpson, Thacher & Bartlett LLP. The subcommittee created the new rules to offer the greatest degree of flexibility and control available, while minimizing overall costs, for those needing an administering authority. The new rules are substantially the same as CPR’s non-administered rules except for modifications related to CPR’s administrative role, which includes billing, selection of the arbitrator(s), ensuring the smooth interface between parties and the Arbitrator/Tribunal, limited review of awards, and oversight to ensure the process occurs in a timely manner.  

According to Robert Smit, “These rules offer a significant advantage over the choices that currently exist in that they are carefully tailored to deliver only what the parties need from an administering organization and no more.  They are built upon CPR’s experience with ad hoc/self-administered arbitration and parties’ requests for more assistance.”

CPR’s Arbitration Committee Chair, Ank Santens, of White & Case LLP stated, “The benefit of the rules include access to CPR’s carefully-vetted Panels of Distinguished Neutrals and all the benefits of CPR’s non-administered rules including unique arbitrator selection provisions, flexibility, party control over the process, low cost and the added benefit of administration by CPR’s able and experienced administrators.”

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About CPR:
CPR is the only independent non-profit organization whose mission is to help global business and their lawyers resolve complex commercial disputes more cost effectively and efficiently. For over 30 years, the legal community has trusted CPR to deliver superior arbitrators and mediators and innovative solutions to business conflict. CPR’s membership comprises an elite group of ADR trailblazers, including executives and legal counsel from the world’s most successful companies and global law firms, government liaisons, retired judges, highly-experienced neutrals, and leading academics. For more information on CPR, please visit www.cpradr.org.