Polish Supreme Court judgment
dated 6 May 2016
Case No. I CSK 305/15
Summary by arbitraz.laszczuk.pl:
A limited-liability company entered into currency option hedging contracts with a bank in 2008. Subsequently the company filed a claim against the bank in arbitration, seeking a declaration that the options contracts were invalid on grounds of exploitation and seeking reimbursement of amounts paid to the bank on the basis of the contracts. The bank counterclaimed for amounts owed under the contracts. The arbitral tribunal found that the claimant had failed to pay the arbitration fee on its claim for invalidation of the contracts and issued an award denying both of the claimant’s claims. The award also granted the bank’s counterclaims in part, in an amount of over PLN 24 million.