Region: Lithuania

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 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

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

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

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 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

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 Inter RAO has threatened Lithuania with a treaty claim.

07 April 2022

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

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