Comparative Guides
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Results: 4 Answers
International Arbitration
12.
Award
12.1
What procedural and substantive requirements must be met by an award?
 
Sweden
The award must be made in writing and signed by the arbitrators. It is sufficient that the award is signed by a majority of the arbitrators, as long as the reason why not all arbitrators have signed is stated in the award. It is also possible for the parties to agree that only the chairperson shall sign the award. The award shall state the seat of arbitration and the date on which the award was made. Further, the award should identify the parties and the dispute, and include a clear and definitive decision. Remedies rendered in the award must have been requested by one of the parties and may not be contrary to public policy in Sweden.

For more information about this answer please contact: Sandra Kaznova from Hammarskiold & Co
12.2
Must the award be produced within a certain timeframe?
 
Sweden
The Arbitration Act does not specify a time limit for arbitration. However, it does state that arbitrators shall decide cases in a practical and speedy manner. The Stockholm Chamber of Commerce (SCC) Rules specify a six-month timeframe for rendering the award. For more complex cases, this timeframe is usually extended. Statistics from the SCC Institute show that an award is rendered within 18 months of registration in 80% of all cases and within 12 months of registration in almost 60% of cases.

For more information about this answer please contact: Sandra Kaznova from Hammarskiold & Co