SCC ProcAdm SCC Procedures for UNCITRAL Administration (2023)
SCC ProcAdm
SCC Procedures for UNCITRAL Administration (2023)
(1) The SCC shall determine an amount to be paid by the parties as an advance on costs.
(2) The advance on costs shall correspond to the estimated amount of the costs of arbitration under Article 13.1 of the Procedures.
(3) Each party shall pay half of the advance on costs unless separate advances are determined. Where counterclaims or set-offs are submitted, the SCC may decide that each of the parties shall pay advances on costs corresponding to its claim. Upon a request from the arbitral tribunal, or if otherwise considered necessary, the SCC may order parties to pay additional advances during the arbitration.
(4) If a party fails to make a required payment, the SCC shall give the other party an opportunity to do so within a specified deadline. If the required payment is not made, the SCC shall decline to act, in whole or in part. If such payment is not made, the arbitral tribunal may order the suspension or termination of the arbitral proceedings. If the other party makes the required payment, the arbitral tribunal may, at the request of that party, make a separate award for reimbursement of the payment.
(5) At any stage during the arbitration or after the award has been made, the SCC may draw on the advance on costs to cover the costs of the arbitration.
Source: SCC
Imported: