Decision of the Stockholm District Court, 2 July 2014, Case No. T 9406-14
Summary: the claimant requested the Stockholm District Court to order the sequestration of money against the respondents without hearing the respondents. The Court considered that the claimant showed probable cause for its claims against the respondents. The respondents were in default of fulfilling a SCC award and the claimant had commenced enforcement proceedings. The District Court explained that under the Swedish Code of Procedure a pre-condition to grant an interim measure without hearing the counterparty is that there is risk in delay. Also the requesting party must provide security for any damages possibly incurred by the counterparty. The requesting party may be exempt from providing such security if it establishes extraordinary grounds for its claims. The District Court found that the claimant had failed to show risk in delay and that the security provided by the claimant was insufficient compared to the total amount the claimant requested to be sequestered from the respondents. The District Court rejected the request for sequestration.