SCC: Jus Mundi has just released its 2023 Arbitration Statistics Report — a comparative deep dive into how leading arbitral institution...

Jus Mundi has just released its 2023 Arbitration Statistics Report — a comparative deep dive into how leading arbitral institutions performed last year. We are proud to see that the SCC Arbitration Institute is once again recognized for its #efficiency, #innovation, and #transparency. Some highlights: ⏱ Efficiency in focus: 65% of #SCC #arbitrations concluded within 1 year 26% concluded within 6 months 100% of expedited cases resolved within 6 months 💡 These figures highlight the SCC’s efficient case management, known for its “light touch” approach! 📝 Third party funding: The report highlights the SCC’s new mandatory disclosure policy. Parties are required to disclose any entities with an interest in the outcome of the dispute, including funders, parent companies, and ultimate beneficial owners, in their first written submission. This helps safeguard impartiality and prevent conflicts of interest. 👍 While other institutions’ third party funding rules focus mainly on…