This chart comparing the provisions of the leading sets of international arbitration rules was first created by the International Arbitration Group of Simpson Thacher & Bartlett as an internal reference tool. The Comparison of International Arbitral Rules will be of great use in four distinct areas of international arbitration practice. First, in assisting clients in selecting arbitration rules and drafting arbitration provisions for their international commercial contracts. For example, where a client seeks to include a provision governing a specific procedural issue in an arbitration clause, the chart provides easy reference to the different provisions used in the leading sets of international arbitration rules. Second, the chart has served a similarly useful function in connection with advice that might be provided to foreign governments in preparing their national legislation concerning international arbitration. Third, the chart will assist in developing arguments on procedural issues in connection with representation of clients in international arbitration proceedings. Finally, comparison will facilitate evaluation by scholars, practitioners and the institutions themselves of the desirability and effectiveness of particular provisions in light of comparable ones
Various factors led to the decision on which sets of international arbitration rules to include in the chart. The International Chamber of Commerce ("ICC"), American Arbitration Association ("AAA"), London Court of International Arbitration ("LCIA"), Stockholm Chamber of Commerce ("SCC") and World Intellectual Property Organization ("WIPO") rules are included as leading sets of institutional international arbitration rules. Other institutional arbitration rules are not included simply for reasons of manageability and space. The arbitration rules of the United Nations Commission on International Trade ("UNCITRAL") are included as the preeminent set of ad hoc international arbitration rules. While not yet of the international currency of the other sets of rules included, the international arbitration rules of the Center for Public Resources ("CPR") are included because they are one of the few alternative sets of ad hoc rules to the UNCITRAL rules. Whether you are drafting an agreement or selecting procedures or a site, this unique time saving tool will simplify your task.
THE INTERNATIONAL ARBITRATION PRACTICE GROUP OF SIMPSON THACHER & BARTLETT. The Group has conducted arbitrations in the major arbitration centers around the world, including Paris, London, Geneva, Hong Kong and New York. There experience in arbitrating disputes covers all of the important international arbitration rules, including those of the ICC, AAA, LCIA, ICSID and UNCITRAL. Recently Simpson Thacher successfully represented Accenture (formerly known as Andersen Consulting), the world's premier management and information technology consulting firm, in obtaining a final separation from Arthur Andersen and Andersen Worldwide. Andersen Worldwide had requested more than $14 billion in termination payments. None were awarded. This extraordinary result was achieved in one of the largest multiparty arbitrations in the history of the ICC.
