Case Details

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

Subject of Dispute:

Electric power distribution services
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

ECT (Energy Charter Treaty)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Suomi Power Networks TopCo B.V. (Dutch), Supernova II Bidco BV (Dutch), AMF Tjänstepension AB (Swedish)
Respondent(s):

Republic of Finland (Finnish)
Date Registered:

August 23, 2024
Date of Constitution of Tribunal:

February 14, 2025

Composition of Tribunal

President:

Eric SCHWARTZ (French, U.S.) - Appointed by Co-Arbitrators
Arbitrators:

Peter TURNER (British, French) - Appointed by the Claimant(s)
Zachary DOUGLAS (Australian, Swiss) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Debevoise & Plimpton, London, U.K.
Respondent(s):

Three Crowns, London, U.K. and Madrid, Spain
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

April 16, 2025 - The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.

No References Available.

(a) Original Proceeding

Date	Development
August 23, 2024	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
November 14, 2024	Following appointment by the Claimants, Peter Turner (British/French) accepts his appointment as arbitrator.
December 1, 2024	Following appointment by the Respondent, Zachary Douglas (Australian/Swiss) accepts his appointment as arbitrator.
February 14, 2025	Following appointment by his co-arbitrators pursuant to the parties’ agreement, Eric Schwartz (French/U.S) accepts his appointment as presiding arbitrator.
February 14, 2025	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Eric Schwartz (French/U.S), President, appointed by his co-arbitrators pursuant to the parties’ agreement; Peter Turner (British/French), appointed by the Claimants; and Zachary Douglas (Australian/ Swiss), appointed by Respondent.
March 20, 2025	The Tribunal holds a first session by video conference.
April 16, 2025	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
April 16, 2025	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.