In "CPR Gives New Life to Arbitration," CDR Magazine described the launch of CPR's revised 2019 Administered Arbitration Rules for both domestic and international disputes.
CDR described the new rules' key features, including the adoption of CPR's award winning signature Screened Selection Process as the default mechanism for Arbitrator selection, while providing a host of other options for which the parties may contract; the inclusion of a new “Young Lawyer” Rule; provisions for a single arbitrator for cases not exceeding $3 million; enhanced opportunities for mediation during the arbitration; express procedural guidance on early disposition; and the inclusion of cyber security issues among the issues to be discussed at the initial pre-hearing conference.
On the cybersecurity front, CDR also mentioned CPR's recent announcement that it would offer its panel of neutrals cybersecurity training, in collaboration with FTI Consulting, as announced at a recent workshop on technology in international arbitration which took place in Mexico City.
The article quoted CPR Rules Revision Committee Co-Chair John Buckley of Williams & Connolly as saying, "Almost from the moment of their adoption, companies began incorporating CPR’s administered rules into contracts, and we are seeing a rapid growth in administered cases."
“CPR’s focus on innovation, efficiency and diversity is reflected in these new rules, and we are excited to be advancing the development of best practices in ADR,” CDR quoted CPR President and chief executive Noah Hanft as saying.
CDR closed its article by acknowledging that arbitration "can be a contentious subject in America" and that, "For arbitration to be appreciated,...it needs to be its very best, 'conducted via the most effective, efficient, innovative rules and according to the very best and fairest practices.'"