Does local law allow for a choice of governing law?
Frequency/market practice: Yes
What is the common governing law?
Frequency/market practice: It is generally accepted market practice that Swedish law applies to Swedish target companies.
Is litigation or arbitration more common? If arbitration, where?
Frequency/market practice: Arbitration is used in the vast majority of agreements. SCC Arbitration Institute is used in most cases; ad hoc procedures under the Swedish Arbitration Act and the ICC in Stockholm are also seen.
