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Model Clause: The Arbitration Institute of the Stockholm Chamber of Commerce

  • MODEL ARBITRATION CLAUSE

    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 of the Arbitration Institute of the Stockholm Chamber of Commerce.

    The parties are advised to make the following additions to the arbitration clause, as required:

    The arbitral tribunal shall be composed of .......... arbitrators (a sole arbitrator).

    The place of arbitration shall be ..........................

    The language to be used in the arbitral proceedings shall be .........................

    MODEL GOVERNING LAW CLAUSE

    This contract shall be governed by the substantive law of ........................ (insert jurisdiction).

    MODEL ARBITRATION CLAUSE

    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 Arbitration Institute of the   Stockholm Chamber of Commerce.

    The parties are advised to make the following additions to the clause, as required:

    The place of arbitration shall be ...............

    The language to be used in the arbitral proceedings shall be ..............

    MODEL GOVERNING LAW CLAUSE

    This contract shall be governed by the substantive law of ............ (insert jurisdiction).

    MODEL ARBITRATION CLAUSE

    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 Insurance Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of Commerce.

    The parties may wish to consider the following additions to the clause, as required:

    The place 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 ............. (insert jurisdiction).

    MODEL MEDIATION CLAUSE

    Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall first be referred to Mediation in accordance with the Rules of the Mediation Institute of the Stockholm Chamber of Commerce, unless one of the parties objects.

    If one of the parties objects to Mediation or if the Mediation is terminated, the dispute shall be finally resolved...

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    IMPORTANT:

    When using the model clause, one of the options below should be inserted.

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    Option 1

    ... by arbitration in accordance with the Rules of the Arbitration Institute of the Stockholm Chamber of Commerce.

    Option 2

    ... by arbitration in accordance with the Rules for Expedited Arbitrations of the Arbitration Institute of the Stockholm Chamber of Commerce.

    Option 3

    ...in any court of competent jurisdiction.

    Combination 1

    MODEL CLAUSE

    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 administered by the Arbitration Institute of the Stockholm Chamber of Commerce (the SCC Institute).

    The Rules for Expedited Arbitrations of the Arbitration Institute of the Stockholm Chamber of Commerce shall apply, unless the SCC Institute, taking into account the complexity of the case, the amount in dispute and other circumstances, determines, in its discretion, that the Rules of the Arbitration Institute of the Stockholm Chamber of Commerce shall apply. In the latter case, the SCC Institute shall also decide whether the arbitral tribunal shall be composed of one or three arbitrators.

    Combination 2

    MODEL CLAUSE

    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 administered at the Arbitration Institute of the Stockholm Chamber of Commerce (SCC Institute).

    Where the amount in dispute does not exceed EUR 100 000 the SCC Institute's Rules for Expedited Arbitrations shall apply.

    Where the amount in dispute exceeds EUR 100 000 the Rules of the SCC Institute shall apply. Where the amount in dispute exceeds EUR 100 000 but not EUR 1 000 000, the Arbitral Tribunal shall be composed of a sole arbitrator. Where the amount in dispute exceeds EUR 1 000 000 the Arbitral Tribunal shall be composed of threearbitrators.

    The amount in dispute includes the Claimant's claims in the Request for Arbitration and any counterclaims in the Respondent's reply to the Request for Arbitration.

    Combination 3

    MODEL CLAUSE

    Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be solved by mediation in accordance with the Rules of the Mediation Institute of the Stockholm Chamber of Commerce (Mediation Rules).

    Where the dispute is not solved by mediation, within the period of time prescribed by the Mediation Rules, the dispute shall be finally settled by arbitration at the Arbitration Institute of the Stockholm Chamber of Commerce (the SCC Institute).

    The Rules for Expedited Arbitrations shall apply, unless the SCC Institute, taking into account the complexity of the case, the amount in dispute and other circumstances, determines that the Rules of the Arbitration Institute of the Stockholm Chamber of Commerce shall apply. In the latter case, the SCC Institute shall also decide whether the tribunal shall be composed of one or three arbitrators.