Today, P.R.I.M.E. Finance, the Hague-based Panel of Recognised International Market Experts in Finance, has today published a draft of its revised arbitration rules for public comment. embers.
The draft P.R.I.M.E. Finance Arbitration Rules can be found here. Specialist firms, financial institutions, arbitrators and any interested parties are now invited to contribute their comments. The consultation period is open until 21 March 2021. See here for more information.
Kasper Krzeminski, partner in NautaDutilh’s international arbitration team and secretary-general of P.R.I.M.E. Finance, underlines the importance of public consultation for the revision project: “Thanks to valuable contributions of the preeminent members of the Drafting Group and Consulting Group, the draft for the revised P.R.I.M.E. Finance Arbitration Rules reflects the latest innovations in international arbitration and specific requirements of complex financial dispute resolution. Revising arbitration rules, however, means making choices. In the public consultation, these choices are put to the test in order to ensure that the revised rules meet the expectations of its users. For this reason, we very much welcome the comments and thoughts from financial institutions and arbitration practitioners to improve the new P.R.I.M.E. Finance Arbitration Rules even further.”
About P.R.I.M.E. Finance
P.R.I.M.E. Finance is the Panel of Recognised International Market Experts in Finance. It was established in 2012 to help resolve disputes concerning complex financial transactions. Several of our colleagues are active within P.R.I.M.E. Finance. This includes Kasper Krzeminski, who currently serves as P.R.I.M.E. Finance's Secretary-General; Willem Calkoen sits on its Advisory Board and Prof. Pim Rank is one of its Board Members.