“The Swedish authorities’ decision to discriminate against Huawei and exclude it from the 5G rollout has significantly harmed Huawei’s investment in Sweden, in breach of Sweden’s international obligations,” the Chinese company said in a statement to AFP.
The company had, therefore “initiated arbitration proceedings” under the World Bank Group’s International Centre for Settlement of Investment Disputes “against the Kingdom of Sweden following a number of measures taken by the Swedish authorities targeting directly Huawei’s investments in Sweden and excluding Huawei from the rollout of 5G network products and services in the country,” Huawei added.
Huawei did not specify what damages it was seeking, but according to public broadcaster SVT, the initial sum sought was 5.2 billion Swedish kroner , but it could end up being much higher. Following the UK in mid-2020, Sweden became the second country in Europe and the first in the EU to explicitly ban network operators from using Huawei equipment in the buildup of the infrastructure needed to run its 5G network.
Source: Law Daily Report (lawdailyreport.net)
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