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Swedish Court Largely Affirms $171M Award Against Poland

Law360 (February 22, 2019, 5:04 PM EST) -- A Swedish appeals court on Friday largely upheld an arbitral award worth more than $171 million issued to a Luxembourg investment firm following the alleged forced sale of its shareholding in a Polish bank, rejecting Poland's jurisdictional arguments based on last year's Achmea decision.

The Svea Court of Appeal concluded that Poland had waited too long to argue that the underlying arbitration agreement had not been valid under a decision issued last March by the European Court of Justice in a case involving the Dutch insurer Achmea BV, in which the court concluded that arbitration clauses in investment treaties between European...

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