ICC arbitral award annulment proceedings before the Svea Court of Appeal

Our arbitration team has successfully represented Lithuanian client in ICC arbitral award annulment proceedings before the Svea Court of Appeal.

The firm has first successfully represented the client in high-value ICC construction arbitration seated in Stockholm, Sweden and has obtained an award against a global energy company. However, the latter instituted annulment proceedings before the Svea Court of Appeal alleging bribery and fraud in procuring construction contract which was the basis of ICC arbitration.

Svea Court of Appeal has rejected arguments of bribery and has refused to annul the award and has also awarded litigation costs to our client.