A general introduction to international arbitration in Sweden
All the questions
Developments over the past year confirm that Sweden remains an arbitration-friendly jurisdiction. Arbitration is a preferred means of dispute resolution for many Swedish companies and although Stockholm is not chosen as a seat of arbitration as often as London, Paris, New York or Washington DC, it is not uncommon for international business parties conduct arbitrations in Sweden and select Swedish law as lex arbitri.
The Arbitration Institute of the Stockholm Chamber of Commerce (SCC) continues to attract international arbitrations to the jurisdiction and has expanded its offering with a new dispute resolution option which has gained some recognition as an innovative development .2 Recent examples of arbitration-related court practice, discussed in this overview, further confirm that Swedish courts are willing to assist, for example, in gathering evidence from reluctant witnesses and enforcing arbitral awards, thus ensuring the effectiveness of arbitration procedures.
Regarding investment arbitration, 2021 brought a significant development for the jurisdiction, as Sweden was named as a respondent for the first time in a formal request for investment arbitration under a bilateral treaty. investment (BIT). Below, this procedure is examined in the light of new legislation envisaged to implement EU legislation relating to the screening of foreign direct investments.