Prague Rules in effect for international arbitration proceedings

New Rules on the Efficient Conduct of Proceedings in International Arbitration (aka Prague Rules) launched as an alternative to the International Bar Association (IBA) rules on taking the evidence in international arbitration. Drafted by practitioners from more than 30 countries, the rules are now closer to the civil law approach to disputes. They allow wider rights for parties to call witnesses of facts and experts, as well as expanded use of case-law in the international arbitration proceedings.