Arbitration Rules - Introduction
The advance of business globalization over the past few years has created an increasing demand for the settlement of disputes by way of institutionalized arbitral tribunals.
The Arbitration Rules of the Swiss-American Chamber of Commerce (Chamber of Commerce) are designed to meet this demand. They offer a modern instrument to settle disputes expeditiously and expertly.
Advantages:
- Takes into consideration legal and cultural differences of business partners from Common Law and Civil Law countries, such as rules of evidence
- Flexibility regarding the language of the proceedings and the free choice of the seat of the Arbitration Tribunal
- Cost effectiveness: clear rules regarding administrative costs and compensation
- A list of arbitrators having particular expertise and language skills is available from the Chamber of Commerce
- Contrary to judgments rendered by public courts, the execution of arbitration awards is enforceable in all economically significant states, in particular the U.S.A. and Switzerland, through the "New York
Agreement"
- Confidentiality
- The Arbitration Tribunal carries out its arbitral proceeding independently from the Chamber of Commerce
cf.mv/09/12/00
Related publication:
Arbitration Rules |
