SCC on EU Sanctions: ”Access to justice should not be impaired”
In the wake of the sanctions issued by the EU in relation to the political situation between Ukraine and Russia, the SCC has issued a Q & A to address some of the most commonly asked questions regarding the sanctions.
“The sanctions do not impose a general prohibition for Russian parties to seek arbitration before the SCC or any other European arbitral institution, and we think this is an important message to communicate”, says SCC Secretary General Annette Magnusson.
“Russian parties will not be treated differently from other parties. The integrity of the process remains the same, and so does the impartiality and independence of the procedure”, she continues. “Access to justice should not be impaired.”
The EU sanctions have not affected the SCC case load. Russian is the most common nationality among non-Swedish parties to SCC arbitrations. Between June 2014 and April 2015, Russian parties brought 24 disputes to the SCC for resolution. In addition, a list of the 10 most common nationalities of parties in SCC cases during last year also includes parties from Ukraine and China. The East – West footprint continues to be strong in Stockholm.
For additional information, contact SCC legal counsel Natalia Petrik at firstname.lastname@example.org