Arbitral Digest

Matter

Suomi Power Networks TopCo B.V., Supernova II Bidco BV and AMF Tjänstepension AB v Republic of Finland (ICSID Case No. ARB/24/37)

Suomi Power Networks TopCo B.V., Supernova II Bidco BV &… arbitration concerns the Tribunal dismissed the Respondent's request for bifurcation and…; linked records include related court judgments.

  • Investor-state arbitration
Case no.
ARB/24/37
Seat
United States
Applicable rules
ICSID Arbitration Rules in force as of July 1, 2022

Procedural record

  1. 16 April 2025United States

    16 April 2025United States

    Procedural Order No. 1

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal established the procedural rules and timetable for the arbitration, apportioned direct proceeding costs equally, and designated Washington, D.C. as the place of the proceeding.

    Participants

    Suomi Power Networks TopCo B.V.
    Supernova II Bidco BV
    AMF Tjänstepension AB
    Republic of Finland
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Eric Schwartz
    Arbitrator
    Peter Turner
    Arbitrator
    Zachary Douglas
    Tribunal secretary
    Anna Holloway
  2. 16 April 2025United States

    16 April 2025United States

    Procedural Order No. 2 on Transparency and Confidentiality

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal adopted the parties' agreements and its decisions establishing the arbitration's transparency and confidentiality regime, including publication, redaction, and highly confidential information rules.

    Participants

    Suomi Power Networks TopCo B.V.
    Supernova II Bidco BV
    AMF Tjänstepension AB
    Republic of Finland
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Eric Schwartz
    Arbitrator
    Peter Turner
    Arbitrator
    Zachary Douglas
    Tribunal secretary
    Anna Holloway

    3 months and 23 days later · 114 days

  3. 8 August 2025United States

    8 August 2025United States

    Procedural Order No. 3 Decision on the Respondent's Request for Bifurcation

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal dismissed the Respondent's request for bifurcation and directed the arbitration to proceed under the Scenario 1 timetable in Annex B to Procedural Order No. 1. It reserved the decision on costs incurred for the bifurcation request for the Final Award.

    Participants

    Suomi Power Networks TopCo B.V.
    Supernova II Bidco BV
    AMF Tjänstepension AB
    Republic of Finland
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Eric Schwartz
    Arbitrator
    Peter Turner
    Arbitrator
    Zachary Douglas
    Tribunal secretary
    Anna Holloway

    Authorities cited

    3
    • Access Business Group LLC v United Mexican States (ICSID Case No. ARB/23/15)
      case law
    • TC Energy Corporation and TransCanada Pipelines Limited v United States of America (ICSID Case No. ARB/21/63)
      case law
    • Apotex Holdings Inc. and Apotex Inc. v United States of America (ICSID Case No. ARB(AF)/12/1)
      case law

    7 months and 30 days later · 242 days

  4. 7 April 2026United States

    7 April 2026United States

    Procedural Order No. 4 Decision on Document Production

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal decided the parties' document production requests in the schedules appended as Annexes A and B and ordered the parties to comply with their production obligations by 21 May 2026. It reserved its decision on any future supplementary document production request.

    Participants

    Suomi Power Networks TopCo B.V.
    Supernova II Bidco BV
    AMF Tjänstepension AB
    Republic of Finland
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Eric Schwartz
    Arbitrator
    Peter Turner
    Arbitrator
    Zachary Douglas
    Tribunal secretary
    Anna Holloway

Matter record

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Suomi Power Networks TopCo B.V., Supernova II Bidco BV and AMF Tjänstepension AB v Republic of Finland (ICSID Case No. ARB/24/37) · Matter