Arbitration Act (Sweden)

The Arbitration Act in Sweden regulates how disputes outside the court system are resolved through arbitration. It provides a legal framework for parties to agree to submit their disagreements to a neutral arbitrator or arbitration panel instead of a court. The Act outlines procedures for conducting arbitration, ensuring fairness, confidentiality, and enforceability of decisions (awards). It recognizes arbitration agreements, details how awards can be challenged or enforced, and supports international arbitration, aligning Swedish law with global standards. Ultimately, it offers a specialized, efficient alternative to traditional litigation for resolving commercial disputes.