The Arbitration Institute of the Stockholm Chamber of Commerce (SCC) is one of the world’s leading forums for dispute resolution
The SCC is the second largest institution in the world for the administration of investor-state disputes.
Since its establishment in 1917, the Arbitration Institute of the Stockholm Chamber of commerce (SCC) has developed into one of the world’s leading forums for international dispute resolution. In its Centennial year, the SCC celebrates the importance of international arbitration for trade, economic development and peaceful resolution of disputes.
2016 has proven to be another strong year for the SCC. In this year, the SCC administered 199 cases, which is the third highest caseload since the SCC was founded in 1917.
Out of the 199 cases, 52% (103) were international and 48% (96) Swedish, which clearly evidenced the strong position of the SCC as a preferred venue for dispute resolution among both the Swedish and the international business community.
Of the 2016 caseload, 62% (123) were administered under the SCC Rules, and 28% (55) were administered under the SCC Rules for Expedited Arbitrations. The SCC also administered 13 Emergency Arbitrator proceedings, which was a sharp increase from 2015.
If a decision on interim measures is needed to provisionally ensure a party’s claim, before the commencement of an arbitration, the party may apply to the SCC for the appointment of an Emergency Arbitrator in accordance with the SCC Rules.
Thirteen emergency arbitrator proceedings were commenced at the SCC between in 2016, which was a sharp increase from the year before. In all cases, the emergency arbitrator was appointed within 24 hours. Most request for interim measures arose from dispute under a delivery agreement.
Parties from 44 different countries chose to resolve their disputes with the SCC in 2016. Swedish parties continued to appear most frequently in SCC cases. Outside Sweden, Russia, Ukraine, USA, Germany and Azerbaijan were the most frequent nationalities to appear before the SCC.
The cases commenced in 2016 were disputes stemming from a wide range of contract subjects. Most frequently parties brought disputes arising out of delivery agreements, service agreements, business acquistions, construction agreements and joint venture agreements.
Between 2013 and 2015, 28 challenges to arbitrators were filed at the Stockholm Chamber of Commerce Arbitration Institute, with the SCC board dismissing nine and sustaining four.
Among the sixteen challenges of arbitrator launched in 2016, almost 70% was rejected. Meanwhile, among the small number of request for release, half resulted in the resignation of the arbitrator and another half in the arbitrator remained in the proceeding.