Arbitral Digest

Matter

Nuorisosäätiö sr v Brave Capital Group OÜ — Stockholm Chamber of Commerce Arbitration Institute V 2021/151

Case no.
V 2021/151
  1. 16 November 2022Arbitration

    16 November 2022Arbitration

    Award of the Stockholm Chamber of Commerce Arbitration Institute in case V 2021/151 dated 16 November 2022

    Stockholm Chamber of Commerce Arbitration Institute

    Decision summary
    The tribunal dismissed Nuorisosäätiö sr's claims and ordered it to pay Brave Capital OÜ procedural costs of 248,567 euros, with 8% annual interest from 16 November 2022 until payment.

    Supporting details

    2 participants
    Nuorisosäätiö sr
    Brave Capital OÜ
    Stockholm Chamber of Commerce Arbitration Institute

    1 month and 12 days later · 42 days

  2. 28 December 2022Estonia

    28 December 2022Estonia

    Ruling of Pärnu County Court dated 28 December 2022

    Pärnu County Court

    Decision summary
    The court ordered provisional enforcement measures for the arbitration award, including attachment of Nuorisosäätiö sr's claims connected with funds paid into the Ministry of Finance account.

    4 months and 4 days later · 125 days

  3. 2 May 2023Estonia

    2 May 2023Estonia

    Ruling of Pärnu County Court dated 2 May 2023

    Pärnu County Court

    Decision summary
    The court recognized the Stockholm Chamber of Commerce Arbitration Institute award in case V 2021/151 as enforceable in Estonia.

    10 months and 20 days later · 325 days

  4. 22 March 2024Estonia

    22 March 2024Estonia

    Decision of Harju County Court, Tallinn Courthouse in case 2-23-8717/15 dated 22 March 2024

    Harju County Court, Tallinn Courthouse

    Decision summary
    The court partially granted Nuorisosäätiö sr's claim and declared enforcement impermissible for the 248,567-euro principal because it had been paid into the court deposit account. Enforcement remained permissible for 490.32 euros of interest accrued from 16 to 24 November 2022; the interim measure remained in force until the decision became final.

    Supporting details

    4 authorities · 6 participants
    Nuorisosäätiö sr
    Representative
    Magnus Braun (For: Nuorisosäätiö sr)
    Brave Capital Group OÜ
    Representative
    Maria Teder (For: Brave Capital Group OÜ)
    Representative
    Liis Könn (For: Brave Capital Group OÜ)
    Harju County Court, Tallinn Courthouse

    Authorities cited

    4
    • Estonian Code of Enforcement Procedure
      statute
    • Estonian Code of Civil Procedure
      statute
    • Estonian Law of Obligations Act
      statute
    • Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention)
      treaty

    10 months and 9 days later · 315 days

  5. 31 January 2025Estonia

    31 January 2025Estonia

    Decision of Tallinn Circuit Court dated 31 January 2025

    Tallinn Circuit Court

    Decision summary
    The appellate court left the Harju County Court decision unchanged in its operative conclusion and amended its reasoning on the allocation of procedural costs.

Matter record

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Nuorisosäätiö sr v Brave Capital Group OÜ — Stockholm Chamber of Commerce Arbitration Institute V 2021/151 · Matter