Region: Sweden

Swedish investor drops ICSID claim over UAE residency permit

A Swedish-Iranian national who brought a funded ICSID claim against the United Arab Emirates over its refusal to renew his residency permit has dropped his case after the state contested the authenticity of some of his evidence.

01 December 2022

Deripaska fails to revive treaty claim against Montenegro

A Swedish court has denied a bid by sanctioned Russian oligarch Oleg Deripaska to revive a €600 million claim against Montenegro – rejecting arguments the state had succeeded to a bilateral investment treaty signed by the former Yugoslavia.

11 November 2022

Russian steel producer wins set-aside bid in Sweden

In a rare example of an annulment in the Swedish courts, the operator of a Russian steel plant has won the partial set-aside of a Stockholm Chamber of Commerce award in a US$200 million dispute with a Chinese engineering contractor.

08 November 2022

Ex-Vattenfall lawyer joins SCC as deputy secretary general

Caroline Falconer has left her role as senior legal counsel at Swedish state-owned power utility Vattenfall to become the new deputy secretary general and head of operations at the Arbitration Institute of the Stockholm Chamber of Commerce.

30 May 2022

Mannheimer partner goes solo in Stockholm

German and Swedish-qualified lawyer Alexander Foerster has left the partnership at Sweden’s Mannheimer Swartling after 30 years with the firm to practise as an independent arbitrator in Stockholm.

13 May 2022

GE pays out after losing corruption challenge in legacy case

A General Electric subsidiary has paid an ICC award over a Lithuanian power plant project after Sweden's Supreme Court refused to hear its final appeal that the contract was tainted by corruption – a case practitioners say shows the Swedish courts are taking a “UK approach” to such allegations.

05 May 2022

Greek state entity defeats Stockholm set aside bid

Greece’s state-owned gas company Depa has defeated an attempt by Turkish counterpart Botaş to have a Stockholm court set aside a US$227 million ICC award over the price of gas supplied under a pipeline deal.

05 April 2022

SCC says pandemic has led to caseload dip

The Arbitration Institute of the Stockholm Chamber of Commerce says the coronavirus pandemic has led to a 26% drop in the number of new cases it took on last year, while nearly half of the arbitrators appointed by its board were women.

11 March 2022

Polish utility beats Gazprom set-aside bid

UPDATED: Gazprom has lost its Swedish court challenge to a gas price review award said to be worth US$1.5 billion in favour of Polish state utility PGNiG, as Orrick confirms it has ceased to act as counsel to the Russian state-owned company.

10 March 2022

Ukraine seeks to unseat Alexandrov

Ukraine has become the latest state to challenge Bulgarian arbitrator Stanimir Alexandrov as it defends an ICSID claim by a Swedish energy company over the collapse of a joint venture.

28 January 2022

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