Sweden improves efficiency in its award challenge procedures
The Svea Court of Appeal has adopted new guidelines in relation to the challenge of arbitration awards.
This follows a consultation arranged by the Arbitration Institute of the Stockholm Chamber of Commerce, led by Fredrik Wersäll, president of the Svea Court of Appeal, and involving the Justice of the Supreme Court Ingemar Persson and several other leading practitioners in Sweden. The topic of the discussion was how to increase the efficiency of the courts when processing cases concerning the invalidity of and challenges to arbitration awards, with the aim of making Stockholm even more attractive as a seat of arbitration. The results of this initiative are now starting to show.
Stockholm, considered by many to be one of the success stories of international arbitration, benefits from the well-organised and efficient Arbitration Institute of the Stockholm Chamber of Commerce (SCC) and modern arbitration legislation. Sweden is also often viewed as a neutral venue for the resolution of disputes. Stockholm’s new hearing centre, which opened in late 2012, specifically markets itself as a provider of hearing facilities for international arbitration proceedings. To make Stockholm an even more attractive seat of arbitration, the SCC initiated a dialogue with the Svea Court of Appeal, seeking to make challenge procedures faster and more effective…
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