ADR Systems Releases Accelerated Commercial Arbitration Rules with 60-Day Timeline
January 20, 2020
ADR Systems has released Accelerated Commercial Arbitration Rules. Under these rules, arbitrations can be completed in a 60-day filing-to-award timeline.
“We have developed accelerated commercial arbitration rules in response to requests to fast track arbitration without sacrificing the efficacy of the arbitration process,” said Marc Becker, president of ADR Systems. “Counsel and their clients appreciate that our rules provide certainty in the arbitration timeline.”
There are many benefits to using ADR Systems’ Accelerated Commercial Arbitration Rules and using ADR Systems to administer the arbitration:
- We will ensure that your arbitration is completed in 60 days.
- Our experienced arbitrators understand what it takes to efficiently move the arbitration along under the accelerated rules.
- Our case administrators will work with parties every step of the way to ensure that the arbitration remains on schedule.
“The most common complaints about arbitration are that it can be as expensive as litigation and take as long,” said Hon. Brigid M. McGrath, (Ret.), a senior mediator and arbitrator at ADR Systems. “But ADR Systems recognizes that it doesn’t have to be that way.”
While a multitude of matters can use Accelerated Commercial Arbitration Rules, certain cases are the best candidates for an expedited process. For example, expedited arbitrations can save time and money for cases in which the amount in controversy is small, or cases in which parties need a quick resolution to keep a business relationship intact or to keep a construction project moving ahead.
“With the new accelerated rules, arbitration will be an even less costly and a much more efficient alternative to litigation. In addition, it will be a more viable alternative to a broader range of litigants,” added Judge McGrath.
An ADR Systems Commercial case administrator can help to qualify your case for accelerated arbitration and answer your questions. Call 312.960.2260 or visit adrsystems.com.
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