We welcome Kristin in her new role
Today Kristin Campbell-Wilson assumes her role as Acting Secretary General of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC).
Kristin has a background as a lawyer in the dispute resolution team at one of Stockholm’s international law firms. She left private practice in 2012 to take on the role of Deputy Secretary General of the Arbitration Institute. Within the scope of this role, Kristin was responsible for the daily operations and in developing the services, rules and practices of the institution, in addition to actively promoting SCC’s dispute resolution services in the context of both domestic and international trade. Kristin is now taking over as Acting Secretary General as Annette Magnusson steps down after serving 11 years in this position.
What are SCC’s strengths as a dispute resolution institute?
Arbitration is deeply rooted in the Swedish legal tradition and the SCC and Swedish lawyers have had the chance to develop broad and in-depth expertise and experience in international arbitration since the 1970s. If we have the Cold War to thank for this opportunity, it is the craft itself and a forward-looking approach that consolidate the position of Sweden and the SCC on the global arena. SCC is internationally acknowledged for being a time- and cost-efficient forum compared to similar institutions, and remains at the forefront of developing dispute resolution in terms of procedure as well as administration. We identified the added value of digitalizing the procedure and administration early on, which has proved to be useful in times of crisis like the one we face now with the ongoing pandemic.
What trends do you see in arbitration?
At the SCC, we administer commercial disputes of varying sizes within a large range of industries, including retail, energy, construction, life sciences and industry. As a result of the increasing digitalization of products and services, businesses very quickly become actors on the international market, and I believe arbitration as a dispute resolution method will serve companies with international ambitions very well. I think this is particularly true for the start-up and tech industries.
Simply put, arbitration is suitable for all types of agreements, regardless of industry. However, in addition to paying fees for legal representation, the parties also pay the fees of the arbitral tribunal and an administrative fee to the institute, which may make it less suitable in low-value disputes. There are other scenarios, in which an arbitration proceeding is not appropriate or desirable.This is why, the SCC will soon launch a new dispute resolution service to be used in situations when the parties are willing to reduce the scale of their process and forgo certain procedural steps in favour of time and cost efficiency.
What is it about arbitration that you find so engaging?
During my time as counsel, I found the appeal of arbitration lied in its intensity, and in the relatively quick resolution to the dispute, which cuts both time and costs for the client. This way, there is closure and the client may move on from the dispute and focus its time, energy and resources on developing the business rather than on a long-lasting dispute. As a phenomenon, international arbitration is incredibly inspiring and a huge success story for both commercial and intergovernmental disputes. This form of dispute settlement is supported in over 160 countries through the 1958 New York Convention, making it the most successful international treaty of all time, and arbitration has resolved several challenging intergovernmental disputes in a peaceful way. That in itself deserves a great deal of respect.