SCC Forecast June 2021: The sensation of hope

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!  

Glad sommar!   

Kristin Campbell-Wilson
Acting Secretary General

How to select a relevant tool for resolving your dispute

How to select a relevant tool for resolving your dispute

Disputes comes in all shapes and forms. In this overview of the SCC services, you can get guidance in choosing the right dispute resolution tool for your dispute.

Our goal is to keep at the forefront of change to meet the developing needs of the business community. This is why the SCC dispute resolution toolbox has been expanded with a new tool – the SCC Express Dispute Assessment. This is a tool for disputes where there is no need for a full-scale process and where there is trust between the parties that the outcome will be respected even if it is not an enforceable judgment. The purpose of SCC Express is to enable companies to spend as little time as possible in dispute and litigation. 

Are you dealing with a high complexity case or a low complexity case? Do you prioritise enforceability or a fast resolution of the dispute?

In the enclosed overview, you will get some guidance in choosing the right dispute resolution tool for you dispute.

Have a closer look at the overview of the SCC dispute resolution tools >> here

Learn more about the SCC dispute resolution services >> here

 
 



Joint quest for greener arbitrations

Joint quest for greener arbitrations

– The users of arbitral services work in industries where climate change actions are taken and often required. We need to adapt as well, says legal counsel Christoffer Coello Hedberg who represents the SCC in a European subcommittee on the campaign for Greener Arbitrations. He also gives the SCC view on arbitration and climate change in the first episode of the upcoming new podcast series Arbitration Insider.

Freshfields Bruckhaus Deringer is launching a new interesting podcast series Arbitration Insider in collaboration with the New York International Arbitration Center (NYIAC), brilliantly moderated by Olivier André and Rekha Rangachari. Christoffer Coello Hedberg participates in the very first episode which is dedicated to arbitration and climate change. 

The SCC has looked at what we can do make arbitration greener for quite a few years now. Former Secretary General Annette Magnusson, who left her position at the SCC earlier this year to work full time with climate matters, spearheaded the SCC in this direction. And we look forward to continuing on this path.

 Our “why” to be engaged in this matter goes back to our core mission which is to facilitate trade for companies around the world. We need to keep up with change and the needs of the users of our services who work in industries where climate change actions are taken and often required. We need to adapt as well, says Legal Counsel Christoffer Coello Hedberg who represents the SCC in a Europe Sub-Committee on the Campaign for Greener Arbitrations.

– This is an excellent initiative which can tie together many of the ways that arbitral institutions and other stakeholders can contribute to reducing the carbon footprint of the arbitration community. We can all be drivers for change.

In connection to the SCC signing the Green Pledge and joining the campaign for Greener Arbitrations Sub-Committee, we are also launching an internal project to document the actions already taken by the SCC, and further analyse our own environmental footprint. As part of this, we are currently planning various communication initiatives to raise awareness of the work with the Green Protocols and hopefully contribute to them getting a wide spread in the arbitral community. 

Listen to the Arbitration Insider podcast, episode 1 >> here 

Learn more about the campaign for Greener Arbitrations and the Green Pledge >> here

 

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