New Year, New SCC Arbitration Rules Make Arbitration More Efficient
The Arbitration Institute of the Stockholm Chamber of Commerce (SCC) is one of the world’s leading fora for international commercial arbitration. Many Swedish and international parties agree to have their disputes resolved by arbitration in accordance with the Arbitration Rules of the SCC.
On 1 January 2017, new SCC Arbitration Rules - the SCC Arbitration Rules 2017 (the 2017 SCC Rules) - came into force. The 2017 SCC Rules strive to enhance the cost- efficiency and the expeditiousness of the proceedings.
Under the 2017 SCC Rules, the possibilities to consolidate and join additional parties to arbitrations have been increased. A new case management tool - summary procedure - for the determination of factual or legal issues has been introduced. Summary procedure can be used at any time during the proceedings in cases when a party e.g., presents manifestly unsustainable allegations of fact or law or claims that are unfounded under the applicable law. Other innovative changes have also been made in order to make the resolution of complex disputes by way of arbitration more efficient.
The 2017 SCC Rules will be applied to any SCC arbitration commencing on or after 1 January 2017, unless otherwise agreed by the parties.
A summarize of some of the key changes in respect of commercial arbitration is attached.