Region: Lithuania

Lithuanian power plant dispute settles in Stockholm

A Polish contractor has agreed to pay nearly €30 million to a Lithuanian state-controlled energy group to settle a Stockholm Chamber of Commerce arbitration over unfinished work on a biomass incineration unit.

14 September 2023

Norway hit with another snow crab claim

Norway is facing another ICSID claim by an investor in the snow-crab industry, brought under a bilateral investment treaty that the state is reportedly seeking to terminate.

01 December 2022

Norway and Latvia move to terminate BIT

As oral hearings take place in a €400 million snow-crab fishing dispute under the Latvia-Norway bilateral investment treaty, the two states have moved to terminate the BIT and its ten-year sunset clause.

10 November 2022

Lithuanian state entity declares win in power plant dispute

A Lithuanian state-controlled energy company says it has won a Stockholm Chamber of Commerce award holding a Polish contractor liable in a dispute over a €150 million contract for an unfinished biomass incineration unit.

09 August 2022

Lithuania defeats claim over bank nationalisation

An UNCITRAL tribunal has thrown out a US$300 million treaty case against Lithuania after ruling that a Russian fund could not bring the claim on behalf of the former majority shareholder of a nationalised bank.

12 July 2022

Lithuania stymied by its own courts in Veolia dispute

Lithuania has once again been stymied by its own judiciary in a fight with French environmental services group Veolia, as an appeal court upholds a decision refusing to admit claims the state originally raised in an intra-EU ICSID dispute between the parties.

28 June 2022

Tajik state airline escapes US enforcement bid

A US appeals court has dismissed a Lithuanian company’s bid to enforce a US$20 million award issued by a Vilnius-seated tribunal against Tajikistan’s national airline, agreeing that a lower court lacked personal jurisdiction over the flag carrier.

21 June 2022

Russian state-owned energy group threatens Lithuania

Russian state-owned energy group Inter RAO has threatened Lithuania with a treaty claim.

07 April 2022

Lithuania’s suit against Veolia thrown out

A court in Vilnius has refused to admit claims brought by the Lithuanian government against French environmental services group Veolia that were originally raised in an intra-EU BIT arbitration at ICSID.

14 February 2022

Lithuanian suit against Veolia can proceed despite ICSID case

Lithuania’s Supreme Court has ruled that the country’s energy ministry is not barred from pursuing a €240 million lawsuit against French environmental services group Veolia in local courts due to a pending ICSID claim, citing European Court of Justice case law on the invalidity of intra-EU BITs.

19 January 2022

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