Part I Overview of Emergency Arbitration, 1 The Principles of Emergency Arbitration
This chapter discusses the rationale for emergency arbitration, and the fifteen core principles that are identifiable from the convergence of emergency arbitration rules. The rationale for emergency arbitration is best understood by illustrating the dilemmas which may be faced if the procedure is unavailable and a party requires urgent relief prior to the constitution of the arbitral tribunal. In the absence of emergency arbitration, a party required to resolve a dispute by arbitration and that is in need of urgent relief typically has three options to obtain it. The first option is to request the urgent measures from a national court. The second option is to commence arbitration and, subject to the parties' agreement, applicable laws, and arbitration rules, apply for the urgent measures once the tribunal is in place. The third option is to utilise other procedures, if available, to obtain urgent relief.