HighQ Powers New Ad Hoc Platform for Arbitration Institute of the Stockholm Chamber of Commerce
The Arbitration Institute of the Stockholm Chamber of Commerce is one of the largest arbitral institutions in the world and administers around 200 cases per year, some involving sums in the tens of billions of Euros.
Thomson Reuters and the SCC announced that SCC is offering parties and tribunals the opportunity to use the SCC’s new online global arbitration platform for ad hoc cases during the COVID-19 crisis.
The launch of the Ad Hoc Platform in June follows the successful launch of the SCC Platform last year, one of the first services of its kind to be offered by a major arbitral institution. The Ad Hoc Platform offers almost all of the same functions as the SCC Platform along with specific capabilities to handle ad hoc cases. HighQ technology enables secure collaboration to manage arbitration cases from request of arbitration to the rending of the award. Users can store and share case files, including procedural orders, submissions and exhibits, as well as track deadlines through an online calendar. The platforms also include automated arbitration case management to streamline the handling of cases.
There is no requirement for cases to have any connection to the SCC to use the Ad Hoc platform.
Sebastiaan Bos, director of Solutions EMEA at Thomson Reuters said, “We are delighted to assist the SCC in providing this initiative to help arbitration professionals and their clients continue to move matters forward during this global pandemic. HighQ’s highly secure collaborative tools facilitate the managing of cases, regardless of the location of participants. We hope this contributes to a further digitalisation of arbitration cases during the crisis and in the longer term.”
Lise Alm, head of Business Development at the SCC said, “The SCC is continuously looking for ways to improve the process and efficiency of arbitral proceedings around the world. One step in this was when we launched the SCC Platform for all arbitrations administered by the SCC, in September 2019. Building on the success of the SCC Platform, we hope that the Ad Hoc Platform will be able to play an equally important role for ad hoc arbitrations globally. It significantly simplifies the management of ad hoc arbitrations in a time when more of the proceedings need to be coordinated and carried out online, and it provides a cybersecure environment in which to do so.”