High marks and praise for the SCC and Stockholm
The SCC and Stockholm receive top marks in GAR’s 2019 Guide to Regional Arbitration. One of GAR’s reasons to whitelist the SCC is because “It’s (…) so experienced that the staff ‘just know what they are doing’”. While GAR’s Hearing Centres Survey Results praises the Stockholm hearing facilities, stating that “[this] illuminate[s] just how far one city [Stockholm] in particular has come in a short space of time”.
In the whitelist text, GAR elaborates on its reasons for praising the SCC:
“It’s over 100 years old (established in 1917) and so experienced that the staff “just know what they are doing”, to quote one source. Though much of its work is domestic, it is equally at ease with foreign parties.”
The SCC “(…) prides itself on its ability to handle any matter requiring extra diplomacy and neutrality.”
GAR addresses the SCC’s work with investment treaties, an area where the SCC is the second largest in the world:
“It’s also become popular for non-ICSID administered investment treaty work. And many treaties now name it as an alternative to ICSID.”
GAR further acknowledge the SCC’s continuous work to stay innovative and progressive, especially regarding its rules:
“The SCC’s been at the forefront of innovation when it comes to rules. Its latest set, in force since 2017, pushed the envelope on summary and expedited arbitration procedures. Before that in 2010, it [was] the first centre to offer emergency arbitrator help (including on investment cases – something the ICC, but not ICSID, has since copied).
It’s one of the few centres where emergency arbitration and expedited arbitration have both been used a respectable amount.”
On the topic of administration, GAR notes that “it’s cheap and quick, at least compared to either the ICC or the LCIA” and “The current secretary general is Annette Magnusson, now something of a thought leader and global star.”
“The tables illuminate just how far one city in particular has come in a short space of time. When this survey began, in 2013, Stockholm was identified as one of the places in which it was painful to organise a hearing. Today, it has three central hearing facilities that all operate under the umbrella of the Swedish International Arbitration Hearing Centre and, as these tables show, it is arguably the most hearing-friendly city in Europe – possibly the world.”
“Today it’s rare for an arbitration seat not to have at least one centre, and there are even calls for some cities – London and Paris, for example – to have more than one, to keep pace with cities such as Stockholm.”