Standard arbitration clause - Expedited Arbitration
If a case concerns less complicated disputes or small claims, where the expeditiousness of proceedings is of special importance to the parties, the parties can include a special standard arbitration clause in the contract, opting for the rules of expedited arbitral proceedings (Article 48 of the Ljubljana Arbitration Rules).
The parties may also opt for expedited arbitral proceedings at a later stage, after the dispute has already arisen or even during arbitral proceedings, but in any case by no later than at the filing of the Answer to the Request for Arbitration.
Any dispute, controversy or claim arising out of or in connection with this contract, including the breach, termination or validity thereof, shall be finally settled by arbitration in accordance with the Arbitration Rules of the Ljubljana Arbitration Centre at the Chamber of Commerce and Industry of Slovenia with the application of the Rules for Expedited Arbitral Proceedings.
• The Arbitral Tribunal shall be composed of [a sole arbitrator / three arbitrators].
• The seat of the arbitration shall be [city and state].
• The language to be used in the arbitral proceedings shall be [...].
• The governing law of the contract shall be the substantive law of [...].