Approaching its twentieth anniversary, the modernization of the Swedish Arbitration Act (“SAA”) is closer than ever. Although the general perception is that the SAA is effective, the long-prepared reform aims to make it even more responsive to the needs of its users. The development of the reform to date The first steps towards modernizing the SAA were taken in February 2014, when the Swedish Government appointed a parliamentary committee to review the SAA, identify any…
On 8 November, the SCC announced on its website (click here to view the announcement) that as of…
The Arbitration Institute of the Stockholm Chamber of Commerce (“SCC”) was founded in 1917. It is part of…
The Comprehensive Economic and Trade Agreement (‘CETA’) between the European Union and Canada was signed October 30, 2016. The deepening of Canadian and European trade is likely to be significant in the wake of Brexit and the uncertain future of American trade policy. The Investment Court System (‘ICS’) of CETA has been hotly debated, and in 2016 threatened to derail the entire agreement when the local Parliament of Wallonia, Belgium initially vetoed the agreement. The…
While toasting the New Year over a glass or two of champagne, it may have gone unnoticed to…
In its report “Costs of arbitration and apportionment of costs under the SCC Rules” of February 2016[1], the…
In its judgment of 18 January 2016[1], the Svea Court of Appeal overturned the Stockholm District Court’s judgment and approved the Russian Federation’s plea for negative declaratory relief. Contrary to the Stockholm District Court, the Svea Court of Appeal found that the arbitral tribunal lacked jurisdiction to adjudicate the claim made by Spanish investors against the Russian Federation originating from the alleged expropriation of the Spanish investor’s investments in Yukos Oil Company. The Svea Court…
In its judgment dated 25 June 2015, the Svea Court of Appeal annulled a Stockholm Chamber of Commerce…
In a highly anticipated decision (Gazprom C-536/13) the European Court of Justice (the “ECJ”) has clarified that anti-suit…
In February 2014, a parliamentary committee was appointed by the Swedish Government to review and modernize the Swedish Arbitration Act. The committee addressed several issues identified in the directive as requiring attention, including among others the need for specific provisions in the Arbitration Act for multi-party disputes, measures to further enhance efficient court procedures in challenge proceedings, possibility of conducting set-aside proceedings in English and potential new provisions in determining the substantive law for the…