Arbitral Award Nykomb Synergetics Technology Holding AB, Stockholm vs. The Republic of Latvia, Riga
Article from: OGEL 1 (2005), in International Oil, Gas & Energy Dispute Management
Introduction
Nykomb Synergetics Technology Holding AB ("Nykomb") is a joint stock company organized in 1995 under the laws of Sweden. SIA Windau ("Windau") is a joint stock company organized in 1991 under the lawas of Latvia. Windau was originally 100 per cent owned and controlled by Latvian citizens, but Nykomb acquired 51 per cent of the share capitcal in March 1999 and 49 per cent in September 2000, making Windau a 100 per cent owned subsidiary of Nykomb. The State Joint-Stock Company Latvenergo ("Latvenergo") was organized as a state enterprise under Latvia law in 1991, ...