Not exact matches
A major Korean conglomerate company is defending
arbitration proceedings (including an
emergency arbitrator application) brought by a European company under the SIAC
rules in respect of a ship building contract
If a decision on interim measures is needed to provisionally ensure a party's claim, before the commencement of an
arbitration, the party may apply to the
Arbitration Institute of the Stockholm Chamber of Commerce (SCC) for the appointment of an
Emergency Arbitrator in accordance with the SCC
Rules.
The new provisions in the 2016
Rules that allow for consolidation of related
arbitrations and joinder of additional parties, as well as the appointment of an
emergency arbitrator, would increase efficiency and flexibility of KCAB proceedings.
Where institutional
rules contain a mechanism for the appointment of an
emergency arbitrator, the parties remain at liberty to opt out of that mechanism if it prefers a court's decision to support the
arbitration.
Accordingly, the court will, under institutional
rules, have to decide whether an
emergency arbitrator would be able to act effectively for the purposes of section 44 (5) before the court is able to assist a party in
arbitration.
In this issue: New SIAC
Arbitration Ruls enter into force;
Emergency arbitration under the SIAC
Rules; Corporate choices in international
arbitration: industry perspective.