Organisation: Fortum

Finland’s Fortum Oyj says it has settled its €200 million ICC dispute with a Danish manufacturer over Russian wind projects – as Russia instructs counsel in a separate treaty claim lodged by the Finnish state-owned company. 

11 October 2024

UPDATED WITH COUNSEL. Germany’s Wintershall Dea has filed two investment treaty claims against Russia, seeking several billions of euros in damages over the alleged expropriation of its assets in the country. 

01 October 2024

German state-owned energy group Uniper has put Russia on notice of a potential investment treaty claim over a decree that placed its Russian assets under temporary state control.

29 February 2024

Finland’s majority state-owned energy company has launched an investment treaty claim against Russia, seeking several billion euros in damages over the seizure of its operations in the country.

27 February 2024

Finland’s majority state-owned energy company has threatened Russia with an investment treaty claim worth several billion euros after its operations in the country were seized under a presidential decree.

13 July 2023

A Finnish state-owned energy company has launched a €200 million ICC arbitration against a Danish wind turbine manufacturer over its termination of Russian projects following the invasion of Ukraine – prompting allegations that the case “undermines EU sanctions”.

12 April 2023

Uniper says it has agreed to withdraw a controversial Energy Charter Treaty claim against the Netherlands over climate change legislation as a condition of a €15 billion bailout from the German government, as the company struggles to cope with the steep drop in supplies of Russian gas.

25 July 2022