By its ruling of 20 May 2013, the Supreme Court decided not to grant leave to the appeal in cassation lodged by Nordecon AS. This resulted in the entry into force of the judgments delivered by the lower courts whereby the minority shareholder’s claim of more than EUR 600,000 against Nordecon AS was satisfied in full.
The dispute was about an agreement for the sale of a holding in a company concluded between a former manager of a Ukrainian subsidiary of Nordecon AS group and Nordecon AS. The long-term dispute was first attempted to be settled out of court by the parties and later brought before the county and circuit courts. Nordecon’s appeal against the judgment granting the action was dismissed and no leave was granted to the company’s appeal in cassation.