Arbitral Digest

Matter

Project Solartechnik Fund Fundz Inwestycyjny Zamkniety v Solis Bond Company DAC, Akt Oik GC 1 SO Z.O.O and Alternus Energy Group PLC (High Court [2025] IEHC 64)

Irish proceedings recognised and enforced a Polish arbitral award against Solis Bond and Alternus, while refusing a requested stay and declining relief against Akt Oik.

  • International commercial arbitration
  • Recognition and enforcement of arbitral awards
Industry type
Electricity, gas, steam and air conditioning supply

Procedural record

  1. 25 September 2024Arbitration

    25 September 2024Arbitration

    Polish Arbitral Award dated 25 September 2024

    Decision summary
    The award ordered the Respondents to pay the Applicant principal and capitalised statutory interest, together with arbitration costs in Polish zloty and euros, plus applicable interest.

    Participants

    Project Solartechnik Fund Fundz Inwestycyjny Zamkniety
    Solis Bond Company DAC
    Akt Oik GC 1 SO Z.O.O
    Alternus Energy Group PLC

    3 months and 28 days later · 119 days

  2. 22 January 2025Ireland

    22 January 2025Ireland

    Ex tempore Judgment of the High Court in the case H MCA 2024 606 dated 22 January 2025

    High Court

    Decision summary
    The High Court recognized and enforced the Polish arbitral award dated 25 September 2024 and entered judgment for the Applicant against Solis Bond Company DAC and Alternus Energy Group PLC, including the awarded principal, interest, and arbitration costs. The application was not pursued against Akt Oik GC 1 SO Z.O.O. The Court refused Alternus's request for an eight-week stay and awarded the Applicant its costs of the enforcement application.

    Participants

    Project Solartechnik Fund Fundz Inwestycyjny Zamkniety
    Representative
    Arran Dowling-Hussey BL (For: Project Solartechnik Fund Fundz Inwestycyjny Zamkniety)
    Solis Bond Company DAC
    Representative
    Arthur Cox (For: Solis Bond Company DAC)
    Akt Oik GC 1 SO Z.O.O
    Alternus Energy Group PLC
    Representative
    DLA Piper (For: Alternus Energy Group PLC)
    Representative
    Declan Murphy BL (For: Alternus Energy Group PLC)
    High Court
    Judge
    David Barniville

    Authorities cited

    4
    • Rules of the Superior Courts, Order 56 (Order 56 of the Rules of the Superior Courts)
      procedural rule
    • Irish Arbitration Act 2010 (Arbitration Act 2010)
      statute
    • UNCITRAL Model Law on International Commercial Arbitration
      model law
    • Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention)
      treaty

Matter record

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Project Solartechnik Fund Fundz Inwestycyjny Zamkniety v Solis Bond Company DAC, Akt Oik GC 1 SO Z.O.O and Alternus Energy Group PLC (High Court [2025] IEHC 64) · Matter