21 August 2014
Recent deals & highlights
Roschier successfully represented Nordic Sugar in landmark arbitration proceedings against Apetit Plc

An international arbitral tribunal seated in Helsinki rendered its final award on 18 August 2014 in a long-running joint venture dispute relating to a shareholders’ agreement between Apetit Plc and Roschier’s client Nordic Sugar, part of the Nordzucker group of companies. The dispute focused on the governance of Finland’s sugar producer Sucros, a joint venture between Nordic Sugar (80%) and Apetit (20%), and alleged violations by Nordic Sugar of Apetit’s minority rights. The Arbitral Tribunal dismissed the entirety of Apetit’s claims amounting to some 30 m EUR and ordered Apetit to compensate the majority of Nordic Sugar’s legal costs in the matter.