Jakob Ragnwaldh has been appointed new Vice Chairman of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC)
Jakob Ragnwaldh is a partner at Mannheimer Swartling and a member of the firm’s Dispute Resolution practice group, with special focus on international arbitration. He represents clients before arbitral tribunals both in Sweden and abroad and has experience in conducting arbitration under the auspices of the SCC, ICC, LCIA, ICSID and the Arbitral Centre of the Austrian Federal Economic Chamber. He has also represented clients in ad hoc proceedings under the UNCITRAL Arbitration Rules and Swedish arbitration law and is frequently appointed as an arbitrator.
The SCC, established in 1917, has emerged as one of the most successful arbitration institutions worldwide, dealing with both domestic and international arbitration cases, ranging from smaller Swedish matters to complex cross-border disputes between multinational companies. About 50 percent of cases are international in the sense that they involve at least one non-Swedish party. The SCC is an international centre recognised for frequently settling East-West trade disputes where one of the parties is from Russia, the former Soviet states or China and the other from the United States, Canada or Western Europe. The SCC also handles disputes with parties from the Middle East, South America, Asia and Africa. In the past decade, the SCC has become a popular venue for settling investment disputes arising from multilateral or bilateral investment protection treaties.
The SCC Board includes both Swedish and non-Swedish nationals, all of whom are highly qualified experts in international arbitration. The members are appointed for a period of three years. The function of the SCC Board is to take decisions as required under the SCC Rules. This includes decisions regarding prima facie jurisdiction, appointment of arbitrators, challenge to arbitrators and arbitration costs.