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When Speed and Cost Matter: Emergency and Expedited Arbitration

AUTHOR:

Peter Michaelson

ABSTRACT:

Often, a disputant needs immediate relief. This happens when a counter-disputant, anticipating the commencement of legal action against it, unilaterally attempts to suddenly change the status quo to the detriment of his adversary. The disputant may expeditiously need to, e.g.: protect or secure property, including essential evidence, then in possession of a counter-disputant from destruction; enjoin the counter-disputant from disclosing confidential information of the disputant; or secure assets, which the counter-disputant is otherwise likely to transfer out of a tribunal’s jurisdiction.

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