Information from the SCC relating to Covid-19
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The increased adoption of emerging technology, such as artificial intelligence and distributed ledger technology (blockchain), is creating a new digital economy and affecting international trade and dispute resolution. With these changes comes a need for new or updated international legislation. The UNCITRAL and UNIDRIOT have jointly been exploring this area and some of the early reports are now available. SCC’s Lise Alm has participated in the expert sessions.
One of the consequences of Covid 19 on International Arbitration is a rapid increase in the development and adoption of digital tools and procedures. This is also likely to speed up the adoption of more disruptive technology such as predictive AI and blockchain.
Arbitration has historically gained ground, inter alia, by enabling international enforcement through the NY convention. However, new digital innovation challenge established routines and working methods. Lise Alm, Head of Business Development at SCC, addresses the subject of blockchain technology and a future possible effect on the process of arbitration and the relevance of the NY convention.
Board meetings are held once per month. The function of the SCC Board is to make decisions as required under the SCC Rules. This includes decisions regarding prima facie jurisdiction, appointment of arbitrators, challenge to arbitrators and the costs of the arbitration.
The aim of the Nordic Arbitration Day is to promote arbitration in the Nordics, create a cross-jurisdictional platform for young practitioners, and overall strengthen the Nordic arbitration community.
Due to the health hazards, travel restrictions, and other risks associated with the coronavirus/covid-19 crisis, the SAA’s Executive Committee has decided to postpone the Swedish Arbitration Days until September 2021. The Swedish Arbitration Association has the pleasure of inviting you to the Swedish Arbitration Days 2020 on the overarching theme of "Integrity in International Arbitration".