Brussels Court of First Instance Annuls Investment Arbitration Award Allegedly for the First Time

CENTRE OF RESEARCH ON DOMESTIC EUROPEAN AND TRANSNATIONAL DISPUTE SETTLEMENT

Brussels Court of First Instance Annuls Investment Arbitration Award Allegedly for the First Time

On 18 February 2022, the French-speaking Brussels Court of First Instance handed down a judgment in which it set aside a USD 10 million UNCITRAL award that held Poland liable for denial of justice in favor of Manchester Securities Corporation (MSC). This judgment allegedly marks the first time that a Belgian court has set aside an investment arbitration award.