Our arbitration team successfully represented a Lithuanian company that acquired a EUR 4 million claim against global conglomerate GE Power (former Alstom Sweden).
In 2016–2018 Motieka & Audzevicius successfully represented the Lithuanian client in its case against GE Power (former) Alstom in ICC arbitration in Stockholm, where the tribunal awarded the client EUR 2,6 million.
GE Power then filed for an annulment of the ICC award before the Svea Court of Appeal, where our arbitration team has again successfully represented the client.
The annulment application was based on grounds related to corruption allegations and verdicts adopted in UK criminal proceedings. In April 2021, we have successfully convinced the Svea Court of Appeal to reject GE Power’s annulment application. After examining GE Power’s appeal, in March 2022, the Swedish Supreme Court decided not to grant leave for GE Power’s appeal and allowed enforcement of the ICC award against GE Power.
Our team has represented the client throughout the ICC arbitration proceedings and Swedish annulment proceedings. This case is significant as to date there were no developed practice regarding corruption allegations in Swedish courts.