PL Holdings v Poland
PL Holdings, a Luxembourg company, has prevailed in its SCC arbitration against the Republic of Poland. The claim concerned the uncompensated expropriation of our client’s equity investment in a Polish bank, in violation of the Luxembourg-Poland BIT. In its recent Final Award, the tribunal ordered Poland to pay c. €176 million in damages and €3.5 million in costs.
Matthieu Gregoire was part of the counsel team which successfully acted for PL Holdings, together with Fietta LLP (Stephen Fietta, Ashique Rahman, Laura Rees-Evans and Sarah Macrory), Linklaters (Matthew Weiniger QC, Ula Cartwright-Finch, Cezary Wisniewski and Alicja Zielinska-Eisen), and Sean Aughey.
The GAR article is available here.