FAI arbitration arising out of cross-border loan agreement

Finnish development finance company

Posted on

21 Dec

2017

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Fast facts

Status:

Ongoing

Cross-border:

Yes

Matter value:

EUR 5 million

Dittmar & Indrenius > References > FAI arbitration arising out of cross-border loan agreement

We represented a Finnish development finance company in a large FAI arbitration arising out of a cross-border loan agreement.

The arbitration involved complex jurisdictional issues, where we succeeded in ensuring that a non-signatory was found to be bound by the arbitration agreement.

We further successfully represented the client in the setting aside proceedings in the District Court, which included arguments that the respondents in the arbitration were denied sufficient opportunity to present their case.

The District Court dismissed the setting aside claims in their entirety.

 

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