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BEIJING BOSTON BRUSSELS CHICAGO DALLAS GENEVA HONG KONG HOUSTON LONDON LOS ANGELES NEW YORK PALO ALTO SAN FRANCISCO SHANGHAI SINGAPORE SYDNEY TOKYO WASHINGTON, D.C. Swiss Chambers’ Arbitration Institution: Dedicated to Meeting the Needs of Corporate Users Worldwide David Roney ACC / CCIAG /ASA Conference Arbitration: The In-House Counsel’s Perspective, London – 16 March 2015
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Overview This presentation focuses on four key advantages Swiss Chambers’ Arbitration offers to corporate users: 1.Lean and Efficient Administration 2.Expedited Procedure 3.Availability of Urgent Relief 4.Cost Control 2
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1.Lean and Efficient Administration Arbitration Court is a tightly coordinated group of experienced arbitration practitioners Same Court members administer the case from beginning to end Administrative decisions are usually rendered within two business days –Appointment of arbitrators –Control of arbitration costs Average duration of ordinary proceedings is 14 months 3
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2.Expedited Procedure Art. 42 provides that Expedited Procedure applies: –When chosen by parties –When amount in dispute does not exceed CHF 1 million (GBP 670,000), subject to opt out Sole arbitrator, single exchange of briefs and single hearing Enforced time limit of 6 months for award 40% of cases conducted under Expedited Procedure 4
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3.Availability of Urgent Relief Art. 43 provides for emergency arbitrator before constitution of arbitral tribunal –Decision within 15 days –Requirement to commence arbitration within 10 days Art. 26(3) provides emergency arbitrator and arbitral tribunal may issue ex parte preliminary orders –Only in exceptional circumstances –Other party must be heard immediately –Valuable where no other urgent relief is available 5
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4.Cost Control Arbitration Court approves or adjusts arbitral tribunal’s determination of fees and expenses Arbitral tribunal’s fees are determined based on: –Amount in dispute –Complexity and time spent –Other relevant circumstances Administrative costs: –None if amount in dispute is less than CHF 2 million (GBP 1.3 million) –Capped at CHF 50,000 (GBP 34,000) 6
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Contact Details David Roney Partner Sidley Austin LLP Rue du Pré-de-la-Bichette 1 1202 Geneva, Switzerland T: +41 22 308 0044 E: droney@sidley.com 7
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