The Rules of the UMAC provide an ideal balance between the parties’ autonomy and effective arbitration consideration. The Provisions of the UMAC Rules are aimed at making arbitration consideration more efficient, cost-effective and comfortable to the parties. The clear procedure allows the parties to participate in arbitration with no involvement of external lawyers and at no additional cost.
As of January 1, 2018, the New Rules of the UMAC has come into force and been approved by the Presidium of the UCCI No.25(6) on July 27, 2017. According to the provisions of Article 72 of the Rules, it is applicable to the cases taken to consideration by the UMAC from January 1, 2018 on.
The cases instituted in the arbitral proceedings by the UMAC prior to January 1, 2018, are processed under the Rules of the UMAC approved by the Presidium of the UCCI on April 17, 2007, Minutes No.18(1), with possible amendments unless parties agree otherwise.