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Procedural Issue Substantive Issue

Year the case was initiated1999
Year the award was rendered2000
Country involvedLatvia
Home country of the investorSweden
Parties to the disputeSwembalt AB v. Latvia
Sector3
Type of investmentscrapping of a foreign-owned ship
Nature of dispute / claim
Legal instrumentLatvia-Sweden BIT
Rules / VenuesUNCITRAL
Amount sought by investorUS$ 2,806,258 plus interest and costs
Amount awarded / status of disputeUS$ 2,506,235 awarded, with interest of 10 % per year starting 9 April 1999; Award unsuccessfully challenged in Swedish courts
ArbitratorsAllan Philip (Chair); Kaj Hober; Gustaf Moller
Decisions renderedAward issued on 23 October 2000
Statusawarded in favor of the investor
Linkshttp://ita.law.uvic.ca/documents/Swembalt-Latvia-Award-23Oct2000.pdf
Commentary (if any)
Special features