OREANDA-NEWS. On June 04, 2008 The Supreme Court of Sweden pronounced judgment about absence of grounds for satisfaction of the motion from the Norwegian Company Norsk Hydro, Justice Ministry press service informed with reference to Justice Minister Mykola Onishchuk.

The Minister reminded that in January 2008, the Norsk Hydro filed a motion to the Supreme Court of Sweden about appealing a decision of the Appeal Court in the city of Stockholm (Sweden).

On December 17, 2007, the Appeal Court recognized the arbitral award of the Arbitration Institute of the Stockholm Chamber of Commerce pronounced on the case at the suit of the Norsk Hydro versus the State of Ukraine in the person of the State Property Fund.

According to the Justice Minister, the Supreme Court of Sweden pronounced a judgment about absence of grounds for satisfaction of the motion from the Norsk Hydro Company and confirmed finality of the award of the Stockholm Appeal Court which abolished the award of the Arbitration Institute of the Stockholm Chamber of Commerce.

As of June 2008, it is the tenth case against the State of Ukraine won by the Justice Ministry of Ukraine. The law firm White & Case LLP was a legal councilor of the State Ukraine on the designated case.

In March 1999, the Norsk Hydro Company approached the Arbitration Institute of the Stockholm Chamber of Commerce about appointing arbiters in its dispute with Ukraine in the person of the State Property Fund of Ukraine with regard to its disagreement with the fact that the Ukrainian courts recognized agreements the party of which was the Norsk Hydro Company as invalid. The primary allegation of the Norsk Hydro Company made up USD 21,260 million and interest.

On March 20, 2000, the Arbitration Institute of the Stockholm Chamber of Commerce resolved to levy USD 16,002,709 million from the State Property Fund in favor of the Norsk Hydro Company.

With the aim of fulfillment of the designated arbitrary award, in late 2001, the Norsk Hydro Company filed appeals to judicial establishments of the Netherlands, France, Belgium and Sweden with a request of imposing blocking arrests on the State Property Fund's property in those countries.