The dispute was complex and involved substantial volumes of evidence as the case required analysis concerning metal goods with an approximate value of 18 MUSD that were given as a warranty to Swedbank.
The dispute began in 2017. Supreme Court declined to hear the opposing party’s cassation in May 2023, bringing the case to successful finish. The case is noteworthy as, in addition to the complexity of the evidence, it required Estonian courts to give a thorough legal assessment of the concept of security ownership transfer agreements, which are not explicitly regulated by the law.
