Abstract
On the 14th of December, 2018, the new set of rules for taking of evidence in international commercial arbitration was signed - Rules on the Efficient Conduct of Proceedings in International Arbitration (Prague Rules). The Prague Rules was drafted by a working group formed of representatives from predominantly continental system of law. In essence, the Prague Rules seek to promote procedural efficiency in international arbitration by adopting procedures more akin to a civil law inquisitorial style. Thus, the Prague Rules are designed to offer an alternative to the IBA Rules on the Taking of Evidence in International Arbitration (the IBA Rules), which is based on the common law adversarial style. It is expected that the application of the Prague Rules will lead to the proactive role by arbitral tribunals. This, in turn, will allow for quicker and more cost-efficient arbitral proceedings. In this regard, the article attempts to analyze the main provisions of the Prague Rules in comparison with the IBA Rules. According to the results of the analysis, the author comes to the conclusion that the adoption of the Prague Rules will play an important role in increasing the efficiency of arbitral proceedings and the attractiveness of this method of dispute resolution to the international business community.
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