Assessment of the New UNCITRAL Arbitration Rules of 2010

Abstract

UNCITRAL Arbitration rules of 2010 made arbitration provisions up to date with the modern practice of international commercial arbitration. 2010 Rules have reflected new developments and change in the international commercial arbitration since the adoption of the UNCITRAL Arbitration Rules of 1967. However, in order to keep the rules short, efficient and attractive to the business community, it was impossible to deal with all the issues which could arise and cause problems in the arbitral proceedings. Furthermore, it can be argued that in order to retain popularity of the UNCITRAL arbitration rules, they should be revised more frequently. This article will focus on the main changes made in the rules of 2010 and compare it with it’s older edition of 1967.