The Nordic firm won a US$250 million award against a Ukrainian state entity
|People in Who’s Who Legal||4|
|People in Future Leaders||2|
|Pending cases as counsel||13|
|Value of pending counsel work||US$2 billion|
|Current arbitrator appointments||8 (of which 5 are as sole or chair)|
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Roschier was founded in Helsinki in 1936 and opened an office in Stockholm in 2005. These days the arbitration practice is balanced between the two offices.
For many years, Carita Wallgren-Lindholm and the late Tomas Lindholm anchored the work. When they left to establish a boutique in 2009, Petri Taivalkoski stepped up to head the dispute resolution team in Helsinki. Today he shares the responsibility with partners Gisela Knuts and Aapo Saarikivi in the same office.
The Stockholm practice was founded by Claes Lundblad, who joined in 2008 from Mannheimer Swartling and left five years later to set up his own boutique. Today, the Swedish team is headed by partners Johan Sidklev and Rikard Wikström. Sidklev is the president of the Swedish Arbitration Association, while Wikström joined the firm in 2017 from White & Case.
The firm focuses on arbitration with a Nordic angle, including serving foreign companies in East-West disputes seated in Stockholm.
Though Helsinki and Stockholm are the only offices, the firm has collaborated with firms in Estonia, Lithuania and Latvia. It is also the Finnish member of Lex Mundi, the international network of independent law firms.
Who uses it?
Nokia, engineering group Sandvik, Saab Automobile and British American Tobacco are all clients. It has represented Group DF, which is owned by controversial Ukrainian businessman Dmytro Firtash, and German sugar manufacturing group Nordzucker.
It’s acted for an oil multinational in a dispute over Siberian exploration rights at the SCC and a Nordic company in a multibillion-dollar energy case at the ICC.
Roschier helped Ostchem Holding, a Cypriot company owned by Firtash’s group, win US$251 million in an SCC arbitration against Ukrainian state-owned fertiliser producer Odessa Portside Plant in 2016. At an earlier phase of the case it won an emergency arbitrator order restraining the plant from disposing of its assets. The award was recognised by a municipal court in the Black Sea city of Yuzhne in 2017.
The firm helped a Nordic party prevail in three consolidated ICC arbitrations initiated under five different arbitration agreements. The result was a multimillion-euro award for the client plus full costs and the dismissal of claims from four southeast European companies.
The firm defended Nordzucker against a €30 million claim by Finnish food company Apetit, with the tribunal dismissing the case in 2014. The firm also settled a Miami-seated arbitration on behalf of a Latin American IT business following a successful application for interim relief in the Swedish courts.
In 2015, it won a €18 million award against a German private equity fund in a purchase price dispute, persuading the tribunal that the parties’ joint intention differed from the wording of their agreement.
Roschier defended a technology company against an ICC claim brought by a Pakistani former business partner. A tribunal dismissed 99% of the claims against the client, which received all of its legal costs.
It has been representing a US energy investor in a dispute with a Rosneft subsidiary over exploration rights to a major oil field in Syria; and a multinational technology company in concurrent cases before the Finnish Arbitration Institute concerning cartel damages, with claims valued at several hundred million euros.
In another case it is representing the former CEO of a major Finnish company in an arbitration concerning management liability.
Partner Henrik Fieber in Stockholm left to become a judge at the Stockholm District Court after 12 years in practice.