International Arbitration Newsletter - August 2018
Will the Prague Rules on the taking of evidence change anything in International Arbitration?
Just like the IBA Rules on the Taking of Evidence in International Arbitration, the draft Prague Rules provide guidance on taking evidence in international arbitration. Nevertheless, the assumption of the Prague Rules is to follow a “civil law” approach in the conduct of arbitral proceedings that provides more investigative and inquisitorial powers to arbitral tribunals. The drafters believe that the Prague Rules will increase efficiency in international arbitration and reduce costs.