The Thai Arbitration Institute (TAI) is one of the most prominent arbitral institutions in Thailand. On 1 October 2021, amendments to its arbitration rules came into effect, providing for an expedited arbitration procedure ("expedited procedure") in circumstances where:
- the parties to the dispute mutually agree to use the expedited procedure; or
- if the relevant arbitration agreement has been entered into after 30 September 2021 – the amount in dispute does not exceed Baht 5 million, and one of the parties to the dispute files a request to use the expedited procedure.
The key features of the expedited procedure are: (i) the appointment of a sole arbitrator; (ii) allowing for documents-only arbitrations; and (iii) shortened timeframes for the close of proceedings and the issuing of the award.
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