The Prague Rules were published on 14 December 2018. Presented as an alternative to the IBA Rules, their objective is stated in the preamble: “To provide a framework and/or recommendations to arbitral tribunals and parties on how to enhance the efficiency of arbitration by encouraging a more active role for arbitral tribunals in the management of proceedings. “But, with a year’s hindsight, are they really an attractive alternative? In which cases are they preferable to those of the IBA?
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