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Model Clause: The St Petersburg International Commercial Arbitration Court

  • Any dispute, controversy or claim arising out of or in connection with this agreement, or with the termination or alleged breach or invalidity thereof, shall be finally resolved by binding arbitration in St. Petersburg, Russia, in accordance with the Rules of the St.Petersburg International Commercial Arbitration Court.

    In most cases, it is appropriate to add further provisions to specify the number of arbitrators, the language of the proceedings, and the governing law. The Court suggests the following provisions in this regard:

    The arbitral tribunal shall consist of [three arbitrators/a sole arbitrator].

    The language[s] of the arbitration shall be [specify language]. This agreement shall be governed by the substantive laws of [specify jurisdiction], without reference to its conflict-of-law principles.