Organisation: Vestas Wind Systems as

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

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