Nykomb Synergetics Technology Holding AB v. Latvia, SCC Case No. 118/2001

  • Flowchart               Summary
  • > Subject matter of the dispute: Claims arising out of a dispute over the purchase price to be paid under a contract entered into between claimant's subsidiary and a State enterprise for the building of a cogeneration plant  
  • >Amount claimed: 7,097,680 Lats + 6% p.a.
  • >Amount awarded: 1,600,000 Lats 
  • >Costs of arbitration: 253,523.00 EUR
  • >Award legal costs: Claimant was awarded 2,000.000 SEK
  • >Award costs of arbitration: Parties share costs equally