• EU
  • 02 maj 2022

No immunity regarding enforcement of listed shares in Sweden.

The Swedish Supreme Court has 18 November 2021 ruled that there is no sovereign immunity on Swedish funds when enforcing a arbitration award. The Swedish Supreme Court relied upon customary international law when concluding as there are no provisions in Swedish legislation regarding enforcement against a foreign state. It can be considered a precedent in an arbitral award against sovereign States and governments who want to enjoy immunities. This decision leaves an impact and can push states to review their asset management policies as well as it paves the to ensure that awards against a state are not meaningless and puts more responsibility on the States. Please read a summary of the case; State Immunity