Dutch Court Set Aside an Arbitration Award

A Dutch court has ruled in its favour and set aside an arbitration award the jeweller was ordered to pay in 2013 related to its failed partnership with Swiss watchmaker Swatch Group AG.

In the Arbitral Decision rendered in December 2013, Tiffany was ordered to pay Swatch Group the equivalent of $449.5 million in damages related to the failed partnership.

#arbitrationlaw #internationalarbitration #turkisharbitration

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