Summary
- CORD has unveiled its 2026 Arbitration Rules, addressing long-standing issues in arbitration processes.
- Key features include AI guardrails to enhance decision-making, an opt-in appeal mechanism, and a daily price for delays.
- These changes aim to tackle complaints about slipping timelines and finality of awards that may misinterpret the law.
- The new rules could significantly reshape arbitration practices and improve accountability in dispute resolution.
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