SCC Forecast June 2021: The sensation of hope
The positive energy that comes with the Nordic summer brings respite from what has otherwise been a tough time for many of us. We are hopeful and excited to soon return to a state of “normality” but are mindful that the world economy is experiencing an uneven recovery. Therefore, we are prepared for more disputes arising from the challenges of the past 18 months.
Living in Sweden, I always get a surprise at this time of year. After a long winter (and non-existent spring) the sun suddenly starts shining… the nights turn white… summer arrives! Winter days are completely forgotten, it is like they never happened.
The sensation of hope, excitement and positive energy that comes with the Nordic summer brings respite from what has otherwise been a tough time for many of us. It has been eagerly awaited by many, myself included. It is time to lay aside our computers, virtual meetings and digital calls. It is time to enjoy the beauty, the light and the outdoor activities of the Nordic summer!
The SCC team certainly deserves some time off. It has been a busy first six months of the year, the number of new cases were on par with the number of cases registered in the first half of 2020 and we are currently recruiting to expand the case management team. We are hopeful and excited to return to a state of “normality” but are mindful that the world economy is experiencing an uneven recovery and we are prepared for more disputes arising from the challenges of the past 18 months. Many industries have suffered as a result of the pandemic, some services have been rendered obsolete and not all businesses have been able to ride out the storm. Looking forward, we expect that considerations such as predictability of time and cost will be increasingly more important factors in dispute resolution and that international arbitration with ADR will be the preferred choice for many users, much in line with the findings of the 2021 International Arbitration Survey issued by Queen Mary University of London in partnership with White & Case.
Over the years, the SCC has earned a reputation for being innovative both in terms of rules and procedure. This is perhaps most evident in our focus on digitalization during the last decade. In 2012 we launched the Swedish Arbitration Portal, in 2013 we moved to digital case management and perhaps most notably, in the autumn of 2019 we launched the SCC Platform. Little did we know how timely the launch of the SCC Platform would be. The pandemic has forced our industry’s stakeholders to step up their game in terms of digitalizing their services and has changed our industry for good (and for the better!). The pace of innovation has accelerated and the SCC has again been at the forefront of the changes, launching the Ad Hoc Platform in May 2020. The SCC portfolio of dispute resolution services was further extended in May 2021 with another ADR-addition, the SCC Express, which was developed in response to our users’ observed need for a broader choice in dispute resolution.
We continue to work tirelessly to carry out our daily operations smoothly, to facilitate domestic and international trade and resolve our users’ disputes in a manner that suits them best. We hope that the development of the pandemic will continue to improve and look forward to meet up with you in Sweden or around the world in the not so distant future.
But before we have that opportunity, I wish you a bright and healthy summer break and hope that you are able to stock up on energy for an exciting and fast-paced autumn!
Acting Secretary General