Published in The Construction Lawyer, Volume 39, Number 1 Winter 2019. © 2019 American Bar Association. Reproduced with permission. All rights reserved. This information or any portion thereof may not be copied or disseminated in any form or by any means or stored in an electronic database or retrieval system without the express written consent of the American Bar Association.
EXCERPT:
This article attempts to introduce the Prague Rules to U.S.-based practitioners, including practitioners operating within the construction field, by highlighting how the Prague Rules compare to procedures that common law practitioners are more familiar with, and what considerations parties should keep in mind when assessing the costs and benefits of applying the Prague Rules to their disputes. This piece consists of three parts. First, this article introduces some of the more commonly accepted practices seen in international arbitrations concerning the taking of evidence, including the practices set out in the IBA Rules. Second, this article compares and contrasts the IBA Rules and the Prague Rules. Third, this article sets out the considerations U.S.-based firms should keep in mind when assessing how the Prague Rules could impact their international arbitration disputes.