Contributed By Norburg & Scherp Advokatbyrå
The SCC is subject to increasing international interest, with parties from around 40 countries using its services every year. During 2015, international disputes at the SCC outnumbered the domestic by 103 to 78. Of the international disputes, 12 concerned investment treaty protection: the SCC is one of the largest institutes in the world for the administration of investor-state disputes, second only to the International Centre for Settlement of Investment Disputes.
In 2014 the Swedish government initiated a review of the Swedish Arbitration Act of 1999, which resulted in an official report in 2015. The proposals in the report include, inter alia, that the Svea Court of Appeal in Stockholm should be the exclusive forum for challenge proceedings, that the rules on invalidity of arbitral awards should be repealed, and that the English language may be used in court proceedings concerning challenge of arbitral awards. The amendments may possibly come into force in 2017.
The SCC Arbitration Rules and the SCC Expedited Rules are also undergoing a revision. The SCC’s revision committee consists of international and national legal experts from nine jurisdictions, including lawyers, academics, members of the SCC’s Board of Directors and representatives of the Secretariat. The modifications concern, inter alia, rules relating to multi-party and multi-contract arbitrations. The new SCC Rules are expected to come into force on 1 January 2017.