EXCLUSION OF LIABILITY

Article 42 Exclusion of Liability

The SCC Institute is not liable to any party for any act or omission in connection with the arbitration unless such act or omission is shown to constitute wilful misconduct or gross negligence by the SCC Institute. An arbitrator is liable only if shown to have caused damage by wilful misconduct or gross negligence.

EFFECTIVENESS

These Rules enter into force on 1 April 1999 and will replace the former Rules of the Arbitration Institute of the Stockholm Chamber of Commerce. These Rules will be applied to any arbitration commenced on or after this date, unless otherwise agreed by the parties.