Refine By
Clear all filter
About 92778 results for "*"
NEWS
The Stockholm Chamber of Commerce (SCC) Arbitration Institute has released its revised Schedule of Costs commencing 1 January 2024. The SCC Arbitration Institute has increased the fees for arbitrators handling cases under the SCC Arbitration Rules and the SCC Expedited Arbitration Rules in line with inflation and current economic conditions. The fees have increased between 5-15% depending on the value of the case.
NEWS
The Stockholm Chamber of Commerce (SCC) Arbitration Institute has published its roundtable discussion hosted on 21 February 2025 examining valuation expert appointments in mergers and acquisitions (M&A) and arbitration. The discussion brought together M&A lawyers, dispute resolution practitioners and valuation experts to address practical challenges in expert appointments. The event revealed SCC's plans to develop standardised engagement letters for valuation assignments, which typically take 30 business days to complete. Participants discussed model clauses for expert appointments, single-party engagement solutions when faced with non-participating parties and the integration of SCC Expedited Arbitration Rules in valuation assignments.
NEWS
The Stockholm Chamber of Commerce (SCC) Arbitration Institute has released the findings of a survey which highlights the growing appeal of arbitration in Poland while also identifying opportunities to further enhance the process. The data revealed several key trends: there were preferred seats for arbitration which included Warsaw, Poznań and Stockholm; most respondents preferred Polish arbitration institutions and rules; and parties often selected a three-person arbitrator tribunal. The survey further identified several challenges, with the efficiency of proceedings being a primary concern—only 15 out of 39 respondents had disputes concluded within one year.
NEWS
The Stockholm Chamber of Commerce (SCC) Arbitration Institute has reported that M&A disputes became its most frequent type of arbitration in 2024, with 57 new cases filed. The data shows international cases rose from nine in 2019 to 19 in 2024, with total disputed amounts exceeding €5bn. Average case duration decreased to 209 days from 267 days in 2019. Retail, construction and finance sectors each represented about 25% of the 259 M&A disputes administered between 2019-2024. The average disputed amount reached €112m in 2024.
NEWS
The Stockholm Chamber of Commerce (SCC) Arbitration Institute has updated its policy, effective 20 September 2024, requiring parties to disclose the identity of any third parties with a significant interest in the outcome of disputes. This disclosure must be made in the parties' first written submission and promptly for any new interested third parties during proceedings. The policy aims to enhance transparency and maintain arbitrator impartiality by ensuring that arbitrators consider this information when making declarations of independence and impartiality under Article 18 of the SCC Rules. This measure seeks to address potential conflicts of interest, prevent inadvertent appointments of conflicted arbitrators and reduce the risk of award annulment, thereby upholding the integrity of SCC arbitrations.
PRACTICE NOTES
This Practice Note sets out the model clauses recommended by the Stockholm Chamber of Commerce (SCC) Arbitration Institute for arbitration either as a first choice of dispute resolution method or as a method of final resolution failing mediation. The Practice Note also sets out the model clause for expedited arbitration in the event of lower value or less complex arbitration disputes and SCC Express. These model clauses should be used by parties wishing to provide for SCC arbitration should a dispute arise between them. For more information on arbitrating under the SCC Arbitration Rules, see: SCC arbitration—overview. Basic SCC model clause ‘Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be finally settled by arbitration in accordance with the Arbitration rules of the SCC Arbitration Institute.’ Recommended additions: The seat of arbitration shall be…. The language to be used in the arbitral proceedings shall be…. This contract shall be governed by the substantive law of…. Model clause—Expedited Rules ‘Any dispute,
PRACTICE NOTES
This Practice Note concerns the dispute resolution procedure colloquially known as SCC Express, which is governed by the SCC Rules for Express Dispute Assessment (the SCC Express Rules). What is SCC Express? The Stockholm Chamber of Commerce (SCC) Arbitration Institute launched the SCC Rules for Express Dispute Assessment (SCC Express) in May 2021. The SCC developed SCC Express to provide clients with more avenues for resolving disputes without the need for traditional forms of dispute resolution, based on client and market research indicating a demand for such proceedings. SCC Express is a novel hybrid between arbitration and mediation. As with commercial arbitration and mediation, SCC Express is a consent-based and confidential process. Notably, SCC Express is confidential by default, extending to any future arbitration, litigation or other legal proceedings. SCC Express should be distinguished from traditional arbitration in that the findings are not legally binding or enforceable. SCC Express further differs from mediation in that the final product of the procedure is normally an assessment of the merits of the dispute, rather than a mediator’s recommendation
PRACTICE NOTES
This Practice Note concerns the Answer to a Request for Arbitration 2023 Arbitration Rules of the Stockholm Chamber of Commerce (SCC) Arbitration Institute (SCC) (the 2023 SCC Rules). The 2023 SCC Rules apply to SCC arbitrations commenced on or after 1 January 2023,unless the parties agree otherwise. Receiving the Request for Arbitration The claimant submits the Request for Arbitration to the SCC—see Practice Note: SCC Rules (2023)—starting an arbitration and the Request for Arbitration. The SCC Secretariat sends the Request and accompanying documents to the respondent (SCC 2023 Rules, art 9(1)). The Secretariat will set a date by which the respondent must submit an Answer to the Request for Arbitration. The time period varies depending on the circumstances of the case. The respondent may request that the Board should extend the time period set by the Secretariat (SCC 2023 Rules, art 4). Review the arbitration agreement before submitting the Answer The respondent should review the arbitration agreement for at least two reasons. First, the respondent should assess whether the Request is within the jurisdiction
PRACTICE NOTES
This Practice Note concerns arbitration procedure pursuant to the 2023 Arbitration Rules of the Stockholm Chamber of Commerce (SCC) Arbitration Institute (the 2023 SCC Rules). The 2023 SCC Rules apply to SCC arbitrations commenced on or after 1 January 2023, unless the parties agree otherwise. Determining the law that governs the procedure The seat The seat of arbitration determines the legal seat or lex arbitri, which means the national arbitration law that governs the arbitration proceeding (in addition to the SCC Rules). SCC arbitrations are most often seated in Sweden. However, the parties are free to agree on a seat anywhere in the world. The SCC Rules are specifically compatible with the Swedish Arbitration Act (the SAA). It is relevant to note that Swedish courts will not intrude on the parties’ party autonomy, but only safeguard principles such as due process, upon request of one of the parties. Absent an agreement between the parties as regards the seat of arbitration, the Board will determine the seat (2023 SCC Rules, art 25(1); 2023 SCC Expedited Rules, art 26(1)).
PRACTICE NOTES
This Practice Note concerns emergency arbitration under the 2023 Arbitration Rules of the Stockholm Chamber of Commerce (SCC) Arbitration Institute (the 2023 SCC Rules). The 2023 SCC Rules apply to arbitrations commenced on or after 1 January 2023, unless the parties have agreed otherwise. The SCC has published Practice Notes on emergency arbitrator decisions rendered between 2023 and 2025, which may be useful when considering whether to use the emergency arbitrator procedure. This Practice Note also reflects on the preceding 15 years of emergency arbitration at the SCC, providing statistical trends from 2010 to 2025. When to use the emergency arbitrator procedure A party would most likely apply for the appointment of an emergency arbitrator where an immediate remedy is required, for example to protect an asset. The emergency arbitrator procedure can be a very effective, and comparatively cost-efficient, means of putting urgent pressure on a party. However, the procedure must be used carefully. Emergency arbitrators, based on experience, tend to refuse an application unless the applicant can properly show that the matter is urgent and that there
PRACTICE NOTES
This Practice Note concerns the 2023 Rules for Expedited Arbitrations of the Stockholm Chamber of Commerce (SCC) Arbitration Institute (the 2023 SCC Expedited Rules). The 2023 SCC Expedited Rules apply to relevant arbitrations commenced on or after 1 January 2023, unless the parties have agreed otherwise. They are intended to be used for simple disputes or disputes of relatively modest sums at stake. They can be used in both domestic and international cases. The procedure The provisions for an expedited arbitration are to a large extent the same as the provisions under the ordinary 2023 SCC Rules. However, there are certain important differences that differentiate the rules, including: • when commencing the arbitration under the 2023 SCC Expedited Rules, the claimant must file a full Statement of Claim, not merely a brief Request for Arbitration (this is an important feature of the 2023 SCC Expedited Rules) • under the 2017 SCC Expedited Rules there can only be a sole arbitrator (2023 SCC Expedited Rules, art 17), whereas the 2023 SCC Rules allow for one or three arbitrators (2023
PRACTICE NOTES
This Practice Note concerns arbitration procedure pursuant to the 2023 Arbitration Rules of the Stockholm Chamber of Commerce (SCC) Arbitration Institute This arbitral institution has changed its name to ‘Stockholm Chamber of Commerce (SCC) Arbitration Institute.’ The 2023 SCC Rules apply to SCC arbitrations commenced on or after 1 January 2023, unless the parties agree otherwise. A new SCC Schedule of Costs is applicable to 2024 SCC arbitrations, see here. The SCC Arbitration Institute The SCC is one of the most widely recognised arbitral institutions worldwide. In line with other arbitral institutions, the SCC provides administrative services for the settlement of disputes by way of arbitration. The SCC does not itself determine disputes; the disputes are determined by arbitrators appointed pursuant to the SCCʼs Arbitration Rules. The SCC is comprised of a Secretariat (run by the Secretary-General) and an international Board of leading arbitration practitioners, which meets once a month to take administrative decisions. The SCC is most well-known internationally for 'east-west' arbitrations. Approximately, between 150 and 200 new arbitrations