The settlement of disputes by arbitration is an important feature of the domestic commercial and legal landscape. The primary objective of modern arbitration is the fair, prompt and cost effective determination of any dispute in a manner that is proportionate to the amounts in dispute and the complexity of the issues involved.
To ensure that objective is met in the context of domestic arbitration, BDT has developed a suite of Arbitration Rules that are robust and certain, yet innovative in their commonsense approach to the arbitration process.
The Rules are intended to give parties the widest choice and capacity to adopt fully administered procedures that are fair, prompt and cost effective, and which provide a proportionate response to the amounts in dispute and the complexity of the issues involved.
Unless otherwise agreed by the Parties in writing, for an arbitration administered under BDT's Rules, the standard Arbitration Rules will apply to all arbitrations in which the claim is for an amount greater than or equal to NZ$2.5M.
Where the claim is for an amount less than $2.5M, or the Claimant is seeking declaratory relief only, the Arbitration will be governed by the relevant BDT Expedited Arbitration Rules, namely:
where the claim is for an amount less than NZ$250,000, or the Parties are seeking declaratory relief only, the BDT ECA45 Arbitration Rules will apply;
where the claim is for an amount greater than or equal to NZ$250,000 and less than NZ$1.0M, the BDT ECA60 Arbitration Rules will apply; and
where the claim is for an amount greater than or equal to NZ$1.0M and less than NZ$2.5M, the BDT ECA90 Arbitration Rules will apply.
Whilst we would encourage all parties to arbitration proceedings to adopt the BDT Arbitration Rules, BDT also acts regularly to appoint arbitrators and administer arbitrations conducted pursuant to the Arbitration Act 1996. The adoption of the BDT Arbitration Rules is not a prerequisite to accessing these appointment and administration services provided through the BDT Registry.