Svea Court of Appeal annuls intra-EU ECT arbitration award, including in relation to non-EU investor and costs | Practical Law

Svea Court of Appeal annuls intra-EU ECT arbitration award, including in relation to non-EU investor and costs | Practical Law

In Festorino Invest Limited and others v Republic of Poland (Case No T 12646-21) (20 December 2023), the Svea Court of Appeal annulled an intra-EU investment arbitration award, finding it incompatible with Swedish public policy. The annulment applies also to a non-EU investor, which was party to the award, and to the tribunal's decision on costs.

Svea Court of Appeal annuls intra-EU ECT arbitration award, including in relation to non-EU investor and costs

Published on 09 Jan 2024Sweden
In Festorino Invest Limited and others v Republic of Poland (Case No T 12646-21) (20 December 2023), the Svea Court of Appeal annulled an intra-EU investment arbitration award, finding it incompatible with Swedish public policy. The annulment applies also to a non-EU investor, which was party to the award, and to the tribunal's decision on costs.