Expedited arbitration generally means that an award should be issued within three months, but this depends on the complexity of the case.
Expedited arbitration
Expedited arbitration with the SCC is a faster and more straightforward process because:
- there is a limit to the number of petitions that the parties can submit
- deadlines are shorter
- the dispute is adjudicated by a sole arbitrator
- oral hearings are only held if requested by one of the parties.
Same advantages as traditional arbitration:
Fast – a solution for simpler disputes.
Flexible – the parties can agree on how the process will be implemented.
Confidential –both the process and the judgment are covered by full confidentiality.
Effective – the arbitral award is enforceable in more than 165 countries (under the 1958 New York Convention) and the award cannot be appealed.
Recommended dispute resolution clause 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 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 […].
What are the requirements to resolve a dispute using expedited arbitration?
In order to be eligible for expedited arbitration, the parties must have entered into an agreement that the dispute will be resolved in accordance with the SCC Rules for Expedited Arbitration. In most cases, this is regulated in a specific arbitration clause in the general agreement between the parties.
SCC Rules
The SCC rules are modern and flexible and give the parties and the arbitrators means to form an effective procedure adapted for the individual case. The rules provide for a procedure in line with the best practices in international arbitration.
Model clauses
An arbitration can only take place if there is an arbitration agreement between the parties. We recommend that a dispute resolution clause is included in any business agreement.
How to commence expedited arbitration with the SCC
The following sets out how to commence arbitration under the SCC Rules for Expedited Arbitration.
How much does arbitration cost?
The costs consist of the fee to the arbitrators/mediator, the administrative fee of the SCC and any expenses incurred.
The SCC determines the costs based on the amount in dispute, which is the total value of all claims, counterclaims and set-offs. This means that the parties often can anticipate the arbitration costs. Use the calculator to estimate such costs.
When the amount in dispute exceeds EUR 100,000,000 the SCC Board determines the Advance on Costs based on a case by case analysis.
| Conditions | |
|---|---|
| Amount in dispute | |
| Number of arbitrators | |
| Chairperson’s Fee | |
| Minimum | |
| Median | |
| Maximum | |
| The fee to the arbitral tribunal (median) | |
| Arbitrator | |
| Co-arbitrator | |
| Co-arbitrator | |
| Advance on Costs (excl. VAT) | |
| The fee to the arbitral tribunal (median) | asdf |
| Administrative Fee of the SCC | |
| Estimated Expenses | |
| Total | |
* Each co-arbitrator shall receive 60% of the chairpersons fee. After consultation with the tribunal, the Board may decide that another rate shall apply.
| Conditions | |
|---|---|
| Amount in dispute | |
| Chairperson’s Fee | |
| Minimum | |
| Median | |
| Maximum | |
| Advance on Costs (excl. VAT) | |
| The fee to the arbitral tribunal (median) | |
| Administrative Fee of the SCC | |
| Estimated Expenses | |
| Total | |
| Conditions | |
|---|---|
| The amount in dispute | |
| Fee of the Mediator | |
| Fee | |
| Advance on Costs (excl. VAT) | |
| Administrative Fee of the SCC | |
| Estimated Expenses | |
| Total | |
*The mediator’s fees equivalent to EUR 4,000 for the preparation of the case and EUR 4,000 for each day of mediation. The mediator’s fees shown in the table above are calculated from a one-day mediation.
Contact us
The fee of the arbitrator and other costs are determined by the Board when the amount in dispute exceeds this amount. Contact us for cost estimates.
Contact us
The fee of the arbitrator and other costs are determined by the Board when the amount in dispute exceeds this amount. Contact us for cost estimates.