2022 was yet another turbulent year for the world. Just as normalcy was beginning to emerge after the Covid-19 pandemic, the year was abruptly impacted by the war in Ukraine. That, and the challenging economic situation that followed, is reflected in the SCC Arbitration Institute’s statistics for 2022. The SCC’s activities were significantly impacted by the ongoing war in Ukraine and the troubling economic situation that surfaced in 2022. The business community continues to face hardships and challenges with delivery delays, lower order intake, savings packages, delayed business projects, decreased or paused investment, and much more. These variables, of course, also had an influence on the number of cases that the SCC administered.

For the SCC, we continue to note a drop in the number of cases handled when compared to our historic high in 2020. However, despite fewer arbitrations being commenced at the SCC during 2022, we see a significant increase in the amounts in dispute this year compared to last year, an increase from EUR 840 million to EUR 1.6 billion, says Caroline Falconer, Secretary General at the SCC.

The SCC continues to handle disputes in a timely and cost-efficient manner

As always, the ability to quickly resolve disputes is of great importance to the users of dispute resolution services. This becomes even more important during uncertain times. Despite the considerable increase in dispute value, the SCC continues to handle disputes in a timely and cost-efficient manner. During 2022, 67 percent of the disputes administered under the SCC Arbitration Rules were concluded within 12 months (from referral to award). For disputes administered under the SCC Expedited Arbitration Rules, 84 percent were concluded within 6 months.

I am proud that the SCC is such a reliable arbitration institute and that we can live up to our users’ high standards when it comes to resolving disputes in a cost and time efficient manner, says Caroline Falconer.

The SCC is a truly international arbitration institute

As with previous years, a considerable number of the cases the SCC administered in 2022 were international. Almost every other case (48 percent) was handled in English, with 41 percent of the parties coming from countries other than Sweden. In fact, 47 percent of the cases did not include any Swedish parties at all. For the cases commenced 2022, parties came from 38 different countries in total.

It is clear that the SCC is a truly international arbitration institute, favored for its neutral and user-friendly position in the international dispute resolution services market, says Caroline Falconer.

For the first time ever, the SCC appoints a majority of female arbitrators

The full SCC statistics for 2022 are available here. The original news article is available here. Reproduced from the SCC Arbitration News Page with the permission of Caroline Falconer, Secretary General of the SCC.