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2014
PL Holdings v. Poland PL Holdings S.a.r.l. v. Poland (SCC Case No. 2014/163)
Nationality of the parties
Poland
Luxembourg
Summary of matters at issue
99.6% shareholding in a Polish bank, FM Bank PBP.
Claims arising out of alleged forced sale of the claimant's shareholding in a Polish bank, FM Bank PBP.
Economic sector and subsector
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Arbitral rules and administering institution
SCC (Stockholm Chamber of Commerce)
SCC (Stockholm Chamber of Commerce)
Composition of tribunal
Bermann, G.
Lew, J. D. M.
Schneider, M.
Status/Outcome of original proceedings
Decided in favour of investor
Decisions rendered
Final Award dated 28 September 2017
Amount of compensation
1888.40 mln PLN (479.90 mln USD)
760.00 mln PLN (207.10 mln USD)
IIA breaches alleged/found
Indirect expropriation
Indirect expropriation
Follow-on proceedings
Judicial review by national courts
Judicial review by national courts
Pending
None
Link to Italaw's case page
Links to background sources
http://www.iareporter.com/articles/poland-claims-round-up-at-least-a-dozen-investment-treaty-arbitrations/ (requires subscription)
http://www.iareporter.com/articles/26220/ (requires subscription)
http://ted.europa.eu/udl?uri=TED:NOTICE:317852-2016:TEXT:EN:HTML&tabId=0
https://www.iareporter.com/articles/27899/ (requires subscription)
http://orka.sejm.gov.pl/Druki8ka.nsf/0/7F4A4788B29D75FAC12580F9003A8C21/%24File/1463.pdf
https://www.iareporter.com/articles/in-now-surfaced-pl-holdings-merits-award-restrictions-on-shareholder-voting-rights-and-a-divestment-order-amount-to-expropriation-actions-of-polands-bank-regulator-are-viewed-through-lens-o/ (requires subscription)
https://www.iareporter.com/articles/poland-held-liable-for-damages-under-intra-eu-treaty-following-divestment-order-to-luxembourgish-banking-investor/ (requires subscription)
https://www.4newsquare.com/pl-holdings-v-poland/
https://globalarbitrationreview.com/article/1148690/forced-bank-sale-in-poland-leads-to-damages (requires subscription)
https://www.transnational-dispute-management.com/downloads/20393_Case_Report_PL_Holdings_-_Poland_-_SCC_Award_2017.pdf
https://www.iareporter.com/articles/poland-investment-treaty-claims-round-up-an-update-on-new-claims-progress-of-ongoing-cases-and-enforcement-set-aside-actions/ (requires subscription)
https://www.iareporter.com/articles/analysis-now-that-first-eu-court-has-set-aside-an-intra-eu-bit-award-due-to-achmea-ruling-we-look-at-the-fate-of-three-other-awards/ (requires subscription)