Arbitral Digest

Matter

AS DnB NORD Banka v AK (Harju County Court 2-10-67266/7)

Case no.
458/2010
Applicable rules
Rules of the Arbitration Court of the Latvian Commercial Banks Association
  1. 14 December 2010Arbitration

    14 December 2010Arbitration

    Award of the Arbitration Court of the Latvian Commercial Banks Association in Case No. 458/2010 dated 14 December 2010

    Arbitration Court of the Latvian Commercial Banks Association

    Award no.
    458/2010
    Decision summary
    The tribunal ordered AK to pay AS DnB NORD Banka USD 14,171,812.18 in debt, comprising principal, interest and contractual penalties, together with USD 9,662.98 in arbitration costs.

    Supporting details

    2 participants
    AS DnB NORD Banka
    AK
    Arbitration Court of the Latvian Commercial Banks Association

    10 months and 6 days later · 310 days

  2. 20 October 2011Estonia

    20 October 2011Estonia

    Order of Harju County Court, Tartu Road Courthouse in the case 2-10-67266/7 dated 20 October 2011

    Harju County Court, Tartu Road Courthouse

    Case no.
    2-10-67266/7
    Citation
    ECLI:EE:HMK:2011:2.10.67266.32542
    Decision summary
    The court granted AS DnB NORD Banka's application and recognized and declared enforceable in Estonia the Arbitration Court of the Latvian Commercial Banks Association award of 14 December 2010 in Case No. 458/2010. The order was immediately enforceable and could not be appealed.

    Supporting details

    2 authorities · 6 participants
    Application
    Recognition and enforcement of the Arbitration Court of the Latvian Commercial Banks Association award dated 14 December 2010 in Case No. 458/2010 — Granted
    AS DnB NORD Banka
    Representative
    Martti Peetsalu (For: AS DnB NORD Banka)
    Representative
    Indrek Leppik (For: AS DnB NORD Banka)
    Representative
    Advokaadibüroo GLIMSTEDT (For: AS DnB NORD Banka)
    AK
    Harju County Court, Tartu Road Courthouse

    Authorities cited

    2
    • New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958)
      treaty
    • Estonian Code of Civil Procedure
      statute

Matter record

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AS DnB NORD Banka v AK (Harju County Court 2-10-67266/7) · Matter