One year with the new 2017 Expedited Rules
In an article recently published on the Kluwer Arbitration Blog, SCC's legal counsel Anja Havedal Ipp reviews the first year with the new rules for expedited arbitration, which entered into force in January 2017.
Over the past few decades, business transactions have become increasingly complex and globalized, which often leads to longer and more resource intensive arbitrations. Contrary to this trend stands expedited arbitration, where a sole arbitrator hears the dispute and the parties make fewer submissions within shorter time frames. The demand for this type of fast-track arbitration also appears to increase, and the number of cases managed under SCC's expedited rules increased by 29 percent in 2017.
The revision and updating of SCC's Expedited Rules aimed at providing an even more streamlined, efficient, and cost-effective dispute settlement process. In her summary, Anja Havedal Ipp highlights some of the most important changes in the rules. Most notably, the procedure is now "front-loaded," with the request of arbitration also constituting the statement of claim, and the answer constituting the the statement of defense. With this amendment, the time used before and after the referral of the case to the sole arbitrator is optimized. Other innovations that have streamlined the procedure are: shorter time frames and limitations of submissions, no hearings as a general rule, the possibility to upgrade to regular arbitration rules, as well as an extended mandate for the sole arbitrator, and more.
Read the full article here