Prague Rules are based on two statements:
- Arbitration would have become too long, too expensive, too litigious
- These defects would be the consequence of an Americanization of arbitration procedures due to the excessive use of the IBA Rules.
It is true that the duration and cost of some arbitration procedures can be criticized. However, to attribute the cause to the excessive use of the IBA Rules and the Anglo-Saxon procedural culture which they would reflect is nothing more than a sophism.
In particular, IBA Rules are criticized for not carrying values that would ensure the effectiveness of arbitral proceedings. Prague Rules, on the other hand, would be virtuous in essence. In reality, both of these statements are only postulates, and in fact inaccurate.