Originally from World Arbitration And Mediation Review (WAMR)

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RECENT DEVELOPMENTS IN

ARBITRATION: IN BRIEF
EUROPE

• The Arbitration Institute of the Stockholm Chamber of Commerce
(SCC) has amended its 1999 rules to better accommodate the
demands of international commercial arbitration. Among the
adopted amendments is a provision allowing arbitrators to
consolidate similar proceedings and issue interim measures, orders,
or awards. These new rules apply to arbitrations commenced after
January 1, 2007. See: http://www.sccinstitute.com/uk/About/ (last
visited November 29, 2007).

• On June 15, 2007, Ukraine passed legislation amending Article 85
of its Code of Commercial Procedure to require that courts render
and sign complete decisions in commercial disputes within five days
of reaching a verdict. Prior to this amendment, there was neither a
time-limit nor a signature requirement for the rendition of decisions.
This development should speed decisions in commercial dispute
cases. See: http://www.kluwerarbitration.com/arbitration/
Newsletter.aspx?month=september2007 (last visited November 29,
2007).

• On May 9, 2007, Serbia signed the International Center for
Settlement of Investment Disputes (ICSID) Convention. Serbia had
lost its membership in ICSID when Montenegro gained its
independence from Serbia. The Convention went into effect on June
9, 2007. See: http://worldbank.org/icsid/news/ICSIDNews_Fall07_
CRA_single.pdf (last visited November 29, 2007).

• Following the introduction of the Danish Arbitration Act, the
Danish Arbitration Institute has been separated from the Building
and Construction Board and will be established as an independent
entity. The Danish Arbitration Institute amended its rules most
recently in October 2007. See: http://www.voldgiftsinstituttet.dk/
en/Menu/About+Danish+Arbitration (last visited November 29,
2007).