Model Clause for Expedited Arbitration 2018
(1) All disputes arising out of or in connection with this contract or its validity shall be finally settled in accordance with the Arbitration Rules of the German Arbitration Institute (DIS) without recourse to the ordinary courts of law.
(2) The arbitral tribunal shall be comprised of [please enter “a sole arbitrator” or “three members”].
(3) The seat of the arbitration is [please enter city and country].
(4) The language of the arbitration shall be [please enter language of the arbitration].
(5) The rules of law applicable to the merits shall be [please enter law or rules of law].
(6) The Parties agree that the arbitration shall be conducted as Expedited Proceedings and that Annex 4 of the DIS Arbitration Rules shall apply.
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