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Motieka & Audzevicius Successful for Natura Furniture in ICC Arbitration

Motieka & Audzevicius Successful for Natura Furniture in ICC Arbitration

Lithuania
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Motieka & Audzevicius has successfully represented Natura Furniture in a dispute against GE Power in ICC construction arbitration and Swedish arbitral award annulment proceedings.

According to Motieka & Audzevicius, Natura Furniture acquired a EUR 4 million claim against GE Power conglomerate (former Alstom Sweden). “In 2016-2018 Motieka & Audzevicius arbitration team successfully represented [Natura Furniture] in its case against GE Power (former Alstom) in ICC arbitration in Stockholm, where the tribunal awarded the client EUR 2.6 million. GE Power then filed for an annulment of the ICC award before Svea Court of Appeal, where Motieka & Audzevicius arbitration team has again successfully represented the client.”

According to the firm, “the annulment application was based on grounds related to corruption allegations and verdicts adopted in UK criminal proceedings. After examining GE Power’s appeal, in March 2022, the Swedish Supreme Court has decided not to grant leave for GE Power’s appeal and allowed enforcement of the ICC award against GE Power.”

Motieka & Audzevicius’ team included Partners Rimantas Daujotas and Ramunas Audzevicius and Counsel Denis Parchajev.