Joint statement: EU provides exemption for arbitration proceedings
SCC, VIAC, FAI, DIS, CAM and Swiss Arbitration Centre comments on the EU’S 7th sanctions package.
Published 2022-07-26
Secretary General Kristin Campbell-Wilson:
"The clarification made by the EU is very welcome. It supports the rule of law and provides the international business community with access to justice by upholding a safe and well-functioning legal system for international trade. This is especially important during the challenging times which we are currently experiencing.
I am very grateful to our industry colleagues at VIAC, FAI, DIS, CAM and Swiss Arbitration Centre who joined forces with us in raising awareness of the issue and seeking clarification on the scope of the EU’s 4th sanctions package."