Snellman acted as Swedish counsel to Castlelake, L.P. in its investment as part of a consortium for $1.2 billion debt and equity investment in the reorganized Scandinavian Airlines implemented pursuant to a Chapter 11 plan and Swedish reorganization proceeding.

Snellman’s advisory team included Richard Åkerman, Jonas Sjöberg and Aykut Aslan Yucel (Private M&A), Carolina Wahlby, Fredrik Olsson, Albert Danielsson, Oscar Bengtsson and Lina Lundevall-Brunö (Finance & Restructuring), Mattias Friberg and Emma Greiff (Public M&A), Peter Forsberg, Philip Thorell and Lars Lundgren (Competition and FDI), Pontus Ewerlöf and Gustav Lewin (Dispute Resolution) and Jenny Lundberg (Employment).

Richard Åkerman

Partner | Stockholm

+46 760 000 005

Aykut Aslan Yucel

Associate | Stockholm

+46 738 088 792

Carolina H. Wahlby

Partner | Stockholm

+46 760 000 070

Fredrik Olsson

Managing Partner | Stockholm

+46 760 000 006

Albert Danielsson

Managing Associate | Stockholm

+46 760 000 024

Oscar Bengtsson

Associate | Stockholm

+46 760 000 053

Lina Lundevall-Brunö

Associate | Stockholm

+46 760 000 057

Mattias Friberg

Partner | Stockholm

+46 760 000 007

Emma Greiff

Senior Associate | Stockholm

+46 760 000 050

Peter Forsberg

Partner | Stockholm

+46 760 000 080

Philip Thorell

Managing Associate | Stockholm

+46 0760 000 030

Lars Lundgren

Associate | Stockholm

+46 760 000 077

Pontus Ewerlöf

Partner | Stockholm

+46 760 000 013

Gustav Lewin

Associate | Stockholm

+46 760 000 048

Jenny Lundberg

Partner | Stockholm

+46 760 000 041

Snellman acted as counsel in two precedential cases determining the invalidity of intra-EU arbitral awards in Sweden. Both cases concerned the application of EU law principles expressed in the European Court of Justice’s (ECJ) Achmea judgment and the case law following the judgment.

Snellman successfully represented the Republic of Poland in the Swedish Supreme Court, where the arbitral awards were declared invalid on the basis of Section 33(2) of the Swedish Arbitration Act, i.e. for being incompatible with the basic principles of the Swedish legal system. The Swedish Supreme Court’s judgment followed the ECJ’s preliminary ruling in the case C-109/20 PL Holdings referred to the ECJ by the Swedish Supreme Court. The team before the Swedish Supreme Court and the ECJ consisted of Partner Anna-Maria Tamminen as well as other lawyers previously with Snellman.

“We have been very privileged to work on this case for the past five years, before the Svea Court of Appeal, Swedish Supreme Court and European Court of Justice. Although we expected this to be the outcome in the light of the Achmea judgment, it took a lot of work to get here.” says Anna-Maria Tamminen, Partner at Snellman.

We also successfully represented the Kingdom of Spain in the Svea Court of Appeal regarding an application to invalidate or set aside an intra-EU arbitral award under the Energy Charter Treaty. The Svea Court of Appeal found on the basis of Section 33(1) of the Swedish Arbitration Act that the award concerned questions which were not arbitrable and therefore declared the award invalid. The team consisted of Partners Pontus Ewerlöf and Martin Rifall as well as several members of the DR team.

“We are very honoured to have been entrusted to act as advisors to the Kingdom of Spain in this groundbreaking judgment which is also the first of its kind in Europe,” says Pontus Ewerlöf, Partner at Snellman.

Pontus Ewerlöf

Partner | Stockholm

+46 760 000 013

Martin Rifall

Partner | Stockholm

+46 760 000 012