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Stockholm Arbitration Report (SAR)

Preview Page SAR 2002 - 1

Subject-matter: Issue of lis pendens.

Finding: Where a court action has been initiated by one party in matters later referred to arbitration by the second party, and where the issue of the court’s jurisdiction has not yet been finally decided, such court action does not constitute ground for litispendens in the arbitral proceeding initiated by the second party.

Parties:
Claimant: 1. Alpha S.p.A (Italy), 2. Alpha Technical AB (Sweden)
Respondent: Beta Technical S.p.A (Italy)

Place of arbitration: Stockholm, Sweden

Language of the proceedings: English

Nationality of arbitrators:
Sole Arbitrator: Swedish

Amount in dispute: EUR 1 260 000

Arbitration costs: EUR 46 000*