Prague Rules
The Prague Rules are a set of guidelines used in international dispute resolution, specifically in arbitration (a way of resolving disputes outside of regular courts). They offer an alternative to the widely used IBA Rules, providing a more streamlined approach that can save time and money. These rules are particularly popular in civil law countries (like those in Europe) and are named after Prague, where they were first introduced in 2018. When someone mentions the Prague Rules in their experience, it means they are familiar with this more efficient approach to handling international business disputes.
Examples in Resumes
Successfully resolved international commercial disputes using Prague Rules approach
Led arbitration proceedings under Prague Rules resulting in 40% cost reduction
Trained junior lawyers on implementation of Prague Rules in international arbitration cases
Typical job title: "Arbitration Lawyers"
Also try searching for:
Where to Find Arbitration Lawyers
Professional Organizations
Job Boards
Professional Networks
Example Interview Questions
Senior Level Questions
Q: How do the Prague Rules differ from the IBA Rules in terms of cost efficiency?
Expected Answer: The candidate should explain how Prague Rules reduce costs by limiting document production, witness statements, and expert appointments, with specific examples from their experience.
Q: Can you describe a complex case where you successfully applied the Prague Rules?
Expected Answer: Look for answers that demonstrate leadership in managing international disputes, showing how they used the Prague Rules to achieve efficient resolution and cost savings.
Mid Level Questions
Q: What are the key differences between Prague Rules and IBA Rules?
Expected Answer: The answer should cover basic differences like the proactive role of arbitrators, limited document production, and the approach to witnesses and experts in simple terms.
Q: How do you explain the benefits of Prague Rules to clients?
Expected Answer: Look for ability to communicate complex legal concepts in simple terms and explain practical benefits like time and cost savings.
Junior Level Questions
Q: What are the Prague Rules and when were they introduced?
Expected Answer: Should demonstrate basic knowledge of Prague Rules as alternative arbitration guidelines introduced in 2018, aimed at making proceedings more efficient.
Q: What is the main purpose of the Prague Rules?
Expected Answer: Should explain that Prague Rules aim to make international arbitration faster and less expensive by streamlining procedures and limiting evidence production.
Experience Level Indicators
Junior (0-2 years)
- Basic understanding of arbitration procedures
- Knowledge of Prague Rules fundamentals
- Assistance with case preparation
- Research on arbitration practices
Mid (2-5 years)
- Managing arbitration cases independently
- Applying Prague Rules in proceedings
- Client communication and case strategy
- Document production management
Senior (5+ years)
- Leading complex international arbitrations
- Strategic application of Prague Rules
- Training and mentoring junior lawyers
- Expert witness coordination
Red Flags to Watch For
- No knowledge of basic arbitration principles
- Unfamiliarity with international legal frameworks
- Poor understanding of civil law systems
- Lack of experience in international dispute resolution
- Unable to explain differences between Prague Rules and IBA Rules
Related Terms
Need more hiring wisdom? Check these out...
Cracking the Code: How to Source Talent in APAC and EMEA with Cultural Sensitivity
Global Compliance Checks: The Hidden Puzzle Pieces of Background Screening Revealed
Navigating the Legal Labyrinth: Unpacking Global Labor Laws for Transnational Teams
