ICC and SCC Arbitration Within Georgian Law
Choosing the ICC — the International Chamber of Commerce — or the SCC — the Arbitration Institute of the Stockholm Chamber of Commerce — is one of the common decisions in international transactions. The Georgian Law on Arbitration frames such administered arbitration with a general but important framework: the parties themselves determine the basic parameters of the procedure, while the law at the same time supplies the disciplinary safeguards that overlay the institution’s rules — on the composition of the tribunal, the form of the hearing and the deadline for the award.
For Georgian counterparties this means that choosing the ICC or the SCC in a contract works fully within Georgian law; what is worth deciding deliberately in the clause are the three matters the law addresses directly — the number of arbitrators, the form of the hearing and the time limit for rendering the award.

