The Swiss Chambers' Arbitral Institution ("SCAI")
recently released its new Swiss Rules of International Arbitration
("Swiss Rules") 2021, which came into force on 1 June
2021. The new Rules introduce modifications, which add and build
upon the previous 2012 Rules. Some of the significant developments
include the rebranding of SCAI, technological matters, the
management of multi-party and multi-contract disputes and issues
pertaining to effective case management.
This article highlights some major changes to the Swiss Rules
2021.
Rebranding from SCAI to Swiss Arbitration Centre
In addition to new Rules entering into force from 1 June 2021,
the SCAI will be rebranded to the Swiss Arbitration Centre. Despite
this significant institutional change, the new Rules specify that
the arbitration clauses referring to SCAI would remain valid and
binding. Such clauses will be recognized and applied by the Swiss
Arbitration Centre.
