The SCC has always been independent. We were founded in 1917 as an independent entity within the Stockholm Chamber of Commerce and have worked without commercial or political interests ever since. This forms a key part of our history, but it is also important as we look to the future.
Over our more than 100-year history, we have grown into one of the world's leading dispute resolution institutions. Every year, parties from around 45 different countries choose us to settle their disputes.
Our international status as a forum for dispute resolution originates in the Optional Clause Agreement, an agreement signed in 1977 between the United States (through the American Arbitration Association) and the then Soviet Union (through the USSR Chamber of Commerce and Industry). This agreement allowed for US-Soviet commercial disputes to be resolved in Sweden with the assistance of the SCC. Around the same time, China also chose to transfer its international disputes to Sweden and the SCC.
Sweden and the SCC have also played a unique role in the system developed for international investment protection. In over 120 bilateral investment protection treaties, Sweden or the SCC is named as the forum for disputes between investor and state. We are now the second largest institution in the world for investment disputes. In the EU, there is an ongoing discussion on how to resolve disputes in investment agreements.
Innovation and development are important to ensure that we continue to provide services that are relevant to the business community. The SCC, for example, was the first in the world to develop a digital communications platform for case management, including a secure database for documents.
Provisions concerning arbitration appear in Swedish legislation.
Provisions concerning enforcement of arbitral awards appear in Swedish legislation.
The first Swedish Arbitration Act is adopted.
SCC Arbitration Institute is established.
Sweden ratifies the Geneva Protocol of 1923 and the Geneva Convention of 1927.
A new Swedish Arbitration Act is adopted which replaces the 1887 Act.
The Swedish Act on Foreign Arbitration Agreements and Awards is adopted.
The SCC Arbitration Institute adopts new Rules.
Sweden ratifies the 1958 New York Convention.
SCC Arbitration Institute adopts new rules, the first particularly aimed at international arbitration.
SCC Arbitration Institute is included into the Optional Arbitration Clause for Use in Contracts in trade between the Unites States of America and the USSR.
The Rules of the SCC Arbitration Institute are revised for the purpose of making the arbitral procedures further international.
The SCC Arbitration Institute adopts its first Rules for Expedited Arbitrations.
A new Swedish Arbitration Act is adopted, replacing both the 1929 Arbitration Act and the Act concerning Foreign Arbitration Agreements and Awards of the same year.
The Rules of the SCC Arbitration Institute and the SCC Rules for Expedited Arbitrations are revised, as are other rules adopted by the SCC Arbitration Institute.
The Mediation Institute of the Stockholm Chamber of Commerce is established (SCC Mediation Institute) and the Rules of the SCC Mediation Institute are adopted.
Introduction of Emergency Arbitration provisions into the SCC Arbitration Rules and the SCC Expedited Arbitration Rules.
Introduction of a digital case administration system.
SCC Platform is launched, mandatory in all SCC arbitrations.
Launch of SCC‘s Ad Hoc Platform.
Launch of SCC Express, dispute resolution within three weeks and for a fixed fee.