The DIA has adopted new Rules for Express Arbitration. Parties often request quicker and more cost-effective means of dispute resolution. These express rules aim to respond to this request, without compromising fundamental principles of arbitration. They are primarily for the resolution of low-value disputes.
Innovatively, for less complex cases, the rules contain an option for each party to submit a reasoned proposal stating how the dispute should be resolved and for the Arbitral Tribunal to confirm the most reasonable proposal as an award by consent.
The Rules for Express Arbitration can be found here.