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Stockholm Arbitration Report (SAR)

Preview Page SAR 2002 - 1

Subject-matter:

Applicable law to the dispute; application of Article 24(1) of the Rules of the Arbitration Institute of the Stockholm Chamber of Commerce.

Finding:

The tribunal determines that the applicable rules of law on the merits are those contained in UNIDROIT Principles of International Commercial Contracts (1994), supplemented by Swedish law if and to the extent the UNIDROIT rules do not give any guidance on a particular issue.

Parties:

Claimant: The European Company, Licensor and Licensee (Luxembourg)
Respondent: The Technical Corporation, Licensee and Licensor (China)

Place of arbitration: Stockholm, Sweden

Language of the proceedings: English

Nationality of arbitrators:
Chairman: Swedish
Arbitrator: Swedish
Arbitrator: Chinese

Amount in dispute: EUR 990 500

Arbitration costs: EUR 182 000