Arbitration fast-track option

The ICC Arbitration rules were revised in March to provide an expedited process as an option for arbitration proceedings > $2M in value.  It is mandatory for lesser amounts.

Will FAR & COP will try to opt-in to the expedited proceedings option?  My guess FAR would not based on my opinion of their delay strategy.  If they did go for the expedited proceedings option then my "delay and cause WPL grief till an offer persuades us to waive rights" theory will die.

QUOTE
Parties to arbitrations with amounts in dispute greater than US$2 million or with arbitration agreements concluded before today need not feel left out: as noted above, the ICC Rules provide a mechanism to opt into the expedited procedures. And moreover, the amended Rules have new features that provide for greater efficiency and accountability in all ICC arbitrations. The timeline for the Terms of Reference was cut in half from two months to 30 days in the revised Rules, for example. And a clause in the prior version of the Rules that prohibited the ICC Court from communicating its reasons for deciding to appoint, confirm, challenge or replace an arbitrator has been deleted, providing more transparency into the Court’s decision-making process.
ENDQUOTE

Complete rules can be found here
http://library.iccwbo.org/dr-secretariatGuide.htm