Arbitration
Rules
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 Arbitration Institute of the Stockholm Chamber of Commerce.
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 Arbitration Institute of the Stockholm Chamber of Commerce.
Recommended additions:
The arbitral tribunal shall be composed
of three arbitrators/a sole arbitrator.
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 […].
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 […].
Rules for Expedited
Arbitrations
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 Rules for Expedited Arbitrations of the Arbitration Institute of the
Stockholm Chamber of Commerce.
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 […].
The language to be used in the arbitral proceedings shall be […].
This contract shall be governed by the substantive law of […].
Combined clause –
Rules for Expedited Arbitrations as first choice
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 administered by
the Arbitration Institute of the Stockholm Chamber of Commerce (the “SCC”).
The Rules for Expedited Arbitrations
shall apply, unless the SCC in its discretion determines, taking into account
the complexity of the case, the amount in dispute and other circumstances, that
the Arbitration Rules shall apply. In the latter case, the SCC shall also
decide whether the Arbitral Tribunal shall be composed of one or three
arbitrators.
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 […].
The language to be used in the arbitral proceedings shall be […].
This contract shall be governed by the substantive law of […].
Combined clause –
Value based
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 administered by
the Arbitration Institute of the Stockholm Chamber of Commerce (the “SCC”).
The Rules for Expedited Arbitrations
shall apply where the amount in dispute does not exceed EUR 100,000. Where the
amount in dispute exceeds EUR 100,000 the Arbitration Rules shall apply. The
Arbitral Tribunal shall be composed of a sole arbitrator where the amount in
dispute exceeds EUR 100,000 but not EUR 1,000,000. Where the amount in dispute
exceeds EUR 1,000,000, the Arbitral Tribunal shall be composed of three
arbitrators. The amount in dispute includes the claims made in the Request for
Arbitration and any counterclaims made in the Answer to the Request for
Arbitration.
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 […].
The language to be used in the arbitral proceedings shall be […].
This contract shall be governed by the substantive law of […].
Model Mediation
Clause
Any dispute, controversy or claim
arising out of or in connection with this contract, or the breach, termination
or invalidity thereof, shall be referred to Mediation in accordance with the
Mediation Rules of the Arbitration Institute of the Stockholm Chamber of
Commerce, unless one of the parties objects.
Model Mediation
Clause – Combined Clause
Any dispute, controversy or claim
arising out of or in connection with this contract, or the breach, termination
or invalidity thereof, shall first be referred to Mediation in accordance with
the Mediation Rules of the Arbitration Institute of the Stockholm Chamber of
Commerce, unless one of the parties objects.
If one of the parties objects to
Mediation or if the Mediation is terminated, the dispute shall be finally
resolved...
IMPORTANT:
When using the model clause, one of the options
below should be inserted.
Option 1
... by arbitration in accordance with
the Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of
Commerce.
Option 2
... by arbitration in accordance with
the Rules for Expedited Arbitrations of the Arbitration Institute of the
Stockholm Chamber of Commerce.
Option 3
...…by arbitration at the Arbitration
Institute of the Stockholm Chamber of Commerce (the SCC).
The Rules for Expedited Arbitrations
shall apply, unless the SCC, taking into account the complexity of the case,
the amount in dispute and other circumstances, determines that the Arbitration
Rules of the Arbitration Institute of the Stockholm Chamber of Commerce shall
apply. In the latter case, the SCC shall also decide whether the tribunal shall
be composed of one or three arbitrators.
Option 4
...in any court of competent
jurisdiction.
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