Comparison of Arbitration Rules of Eight most popular European and Asian Arbitral Institutions from KIAP Lawyers

4 June 2020
Comparison of Arbitration Rules of Eight most popular European and Asian Arbitral Institutions from KIAP Lawyers

The global pandemic has shown that while state courts may be closed, proceedings in international arbitration still go on – all documents can be submitted electronically, arbitration hearings may be held online, arbitrators write decisions quicker than usual.

Therefore, this is a reason to once again look closer to arbitration and to understand: 

  • How much arbitration can cost?
  • How long proceedings may last?
  • If the dispute occurs, how to commence arbitration?
  • Is it possible to consolidate proceedings or file multiple contracts claims?
  • When should a party choose an arbitrator and how is he/she being appointed?
  • When is the deadline for filing a reply to a statement of claim?
  • Is it possible to urgently receive interim or conservatory measures?
  • How long should one wait for the arbitration award?

KIAP Arbitration Team prepared the chart that compares the rules of eight of the most popular European and Asian arbitral institutions (in Russian and English):

  • ICC (The International Court of Arbitration of the International Chamber of Commerce);
  • LCIA (The London Court of International Arbitration);
  • SCC (The Arbitration Institute of the Stockholm Chamber of Commerce);
  • DIS (German Arbitration Institute);
  • VIAC (Vienna International Arbitral Centre);
  • SCAI (Swiss Chambers’ Arbitration Institution);
  • HKIAC (Hong Kong International Arbitration Centre);
  • SIAC (Singapore International Arbitration Centre).

In the chart you may also find examples of enforcement of the awards of respective arbitral institutions in Russia.

This information will be useful to those who are just thinking about international arbitration and only choosing a place to resolve possible future disputes with the counter-party, those who have already included arbitration clauses in their contracts, and those who are already involved in international arbitration.

The review is available in our Analytics section or can be found in the link.

Сравнение-регламентов_ENG_01.jpg



Twitter Facebook Яндекс Livejournal

International Commercial Arbitration

KIAP's International Commercial Arbitration practice represents clients’ interests in international commercial arbitration in Russia and abroad, as well as before Russian courts in matters involving recognition and enforcement of international commercial arbitration awards, provides consultations on arbitration agreements, its validity and enforceability, on facilitation of out-of-court settlements and on strategies for international commercial arbitration. The practice is recommended by the international rating Legal 500 EMEA, Russian rankings Pravo.ru-300, Kommersant and Pravo-300 "Sympathy rating". The practice is led by Anna Grishchenkova, partner, LL.M., MCIArb. In 2020 Anna was appointed as Regional Representative of the Russian Federation in the IBA Litigation Committee for the second time, and during 2018-2020 she was a Co-Chair of the Young Litigation Lawyers Forum of IBA. In 2019 Anna was appointed Deputy Chairman of the ICC Russia Commission on Arbitration. Anna is also a Regional Ambassador at HK45 - Hong Kong International Arbitration Centre’s committee (HKIAC). Included into panel of arbitrators in Hong Kong (HKIAC) and into list of arbitrators in Austria (VIAC), Kuala Lumpur (AIAC), Korea (KCAB INTERNATIONAL) and Russia (the Board Member of the Russian Arbitration Center). Author of the book “Psychology and persuasion skills in dispute resolution”.


Back to the list