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


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  • 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: LVL 7,097,680 + specific performance
  • >Amount awarded: LVL 1,600,000 + specific performance
  • > Valuation method: discretionary amount
  • > Interest rate: "prevailing interest rate" in Latvia 
  • >Costs of arbitration: EUR 253,523
  • >Award legal costs: Claimant was awarded SEK 2,000,000
  • >Award costs of arbitration: Parties share costs equally

 

ARBITRAL DECISION

 

16 December 2003

Arbitral Award

 

30 May 2003 - First Legal Opinion of Adnan Amkhan

June 2003 - Legal Opinion of Thomas Wälde

4 September 2003 - Second Legal Opinion of Adnan Amkhan

1 August 2003 - Legal Opinion of Ove Bring and Richard Happ

 

 


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