The settlement of disputes is an important feature of the global commercial and legal landscape. The primary objective of modern commercial arbitration is the fair, prompt, and
To ensure that objective is met in the context of international commercial arbitration, NZIAC has developed a suite of Arbitration Rules that are robust and certain, yet innovative in their commonsense approach to the arbitration process.
The Rules are intended to give parties the widest choice and capacity to adopt fully administered procedures that are fair, prompt, and
Unless otherwise agreed by the parties in writing, for an arbitration administered under NZIAC’s Rules, the standard Arbitration Rules will apply to all arbitrations in which the claim is for an amount greater than or equal to NZ$2.5 million.
Where the claim is for an amount less than NZ$2.5 million, or the claimant is seeking declaratory relief only, the arbitration will be governed by the relevant NZIAC Expedited Arbitration Rules, namely:
- where the claim is for an amount less than NZ$250,000, or the claimant is seeking declaratory relief only, the NZIAC EIA60 Arbitration Rules will apply;
- where the claim is for an amount greater than or equal to NZ$250,000 and less than NZ$1 million, the NZIAC EIA90 Arbitration Rules will apply; and
- where the claim is for an amount greater than or equal to NZ$1 million and less than NZ$2.5 million, the NZIAC EIA120 Arbitration Rules will apply.
For more information on each of these options and to access a copy of the relevant Rules, please select the relevant icon.
Whilst we would encourage all parties to arbitration proceedings to adopt the NZIAC Arbitration Rules, NZIAC also acts regularly to appoint arbitrators and administer ad hoc arbitrations. The adoption of the NZIAC Arbitration Rules is not a prerequisite to accessing these appointment and administration services provided through the NZIAC Registry.