Latest updates

Can using a litigation company pierce the corporate veil and result in shareholders being held personally liable?
Wistrand
  • Sweden
  • 05 May 2020

From time to time, the question arises as to whether shareholders or other representatives of a company can pursue litigation by creating a company specifically for such purposes and, in the event of loss, avoid personal liability for the litigation costs. A Supreme Court ruling shows how the court balances the statutory obligation to cover the costs for litigation with the rules limiting shareholder liability with regard to their company's obligations by applying the principle of piercing the corporate veil.

Supreme Court strengthens impression that arbitral awards usually stand despite tribunal's procedural errors
Wistrand
  • Sweden
  • 19 November 2019

Recent case law confirms that the Swedish courts uphold the general principle that awards finalise a dispute between parties. In order to successfully challenge an award, the challenging party must prove not only that the procedural error likely affected the outcome of the award, but also that the error is of essential importance.

Wistrand
Wistrand
Contributing office