April 22, 2014

New York Courts to Allow for Speedy and Efficient Resolution of Commercial Disputes

Summary: Recently adopted Rule 9, which is scheduled to take effect on June 2 and apply only in the state court commercial divisions, offers a prompt and efficient alternative to arbitration while still providing parties with important procedural protections. Under the rule, contracting parties may adopt the accelerated adjudication procedures expressly in the contract or file a stipulation adopting the procedures.

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