International arbitration : procedure.

An arbitration agreement between the parties can contain the details of the procedure to be followed in the arbitration. The arbitration agreement may be silent on matters of procedure and the parties, when a dispute arises, may fail to agree on these matters. If this is the case an arbitrator has authority to decide on the matters of procedure. Otherwise rules established by the parties must be followed in an arbitration clause or a submission agreement.

There are a number of international arbitral bodies who have standard rules of procedure. Such rules can be implemented into an arbitration clause or a submission agreement by a relevant reference. Perhaps one of the most popular institutional arbitration among the Russian companies is that of the Stockholm Chamber of Commerce.

 

 

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