NEWSLETTER-2017

144 NEWSLETTER 2017 putes under 300.000 Turkish Liras, unless the parties have decided otherwise 1 . Accordingly, it is possible for the parties to opt-out of these rules. The other approach for the use of expedited procedures is an opt- in mechanism that requires the parties to refer to expedited procedure rules, specifically, in order to ensure their application. As an example, the DIS (German Institution of Arbitration) Supplementary Rules for Expedited Proceedings sets forth that the rules shall only be applied if the parties have referred to them in their arbitration agreement, or if they agreed to their application prior to filing a statement of claim 2 . Additionally, the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) also provides expedited arbitration rules that re- quire an agreement between the parties to resolve the disputes under the SCC Rules for Expedited Arbitration 3 . On the other hand, the London Chamber of International Arbi- tration (LCIA) Arbitration Rules do not provide a separate expedited procedure. Under its official website, the LCIA states that while there are no separate rules for fast-track arbitrations, the LCIA Arbitration Rules may be adapted to achieve an expedited process. Accordingly, it is emphasized that if the parties wish to allow for a fast-track arbitra- tion in their contract, the LCIA will provide recommended clauses for this purpose 4 . Appointment of a Sole Arbitrator The appointment of a sole arbitrator is among the issues that are within the realm of debate under expedited procedures. 1 Istanbul Arbitration Centre Fast Track Arbitration Rules. Source: https://istac.org . tr/wp-content/uploads/2016/03/istac_tahkim_kurallari_v3_EN.pdf. 2 Article 1.1 of the DIS-Supplementary Rules for Expedited Proceedings. Source: http://www.disarb.org/de/16/regeln/dis-supplementary-rules-for-expedited-pro- ceedings-08-srep-id4. 3 For detailed information on the expedited procedure under the SCC Rules for Ex- pedited Arbitrations, please see: http://www.sccinstitute.com/dispute-resolution/ expedited-arbitration/whats-the-procedure/. 4 Please see “Frequently Asked Questions” under: http://www.lcia.org/frequently_ asked_questions.aspx#Fast-Track.