1. How on earth would one take advantage of Swedish law by purchasing a shared hosting account on a server located in Sweden? A dedicated server or VPS I could understand, but a shared hosting account? How would one circumvent British law through the use of a shared hosting account based in Sweden?
2. What are the chances that that OP is looking to host something where the vast majority of the target audience are going to be based in Sweden? Bare in mind we're looking at a large number of visitors (more than a shared hosting account can handle) if he is considering purchasing hosting in another country to reduce response times.
3. Even if the OP did have a site with a huge number of visitors from Sweden, was able to cater for them from a meager shared hosting account and thus had a legitimate reason for off-shoring his hosting operation, what would he gain from doing so? As stoofa up there mentioned, unless you're hosting in some obscure country where the only connection to the outside world is a 10-year-old copper cable hooked up to a 56k modem, location is going to make little to no difference when it comes to shared hosting. It would be perfectly understandable if you were looking at catering for some intensive applications — game server hosting, audio or video services etc. — but you're not going to be doing that from a shared hosting account! Are your visitors really going to notice a ~5ms difference in response time when visiting your website? I know I wouldn't.
I think we have every right to ask what the OP's intentions are; if not purely to hit him down and inform him he's wasting his time.
av.