TGS Baltic wins case in Stockholm arbitration

„In arbitration, it is uncommon for one party to have its claim fully upheld, so this is a major victory for TGS Baltic and VKJ. This victory is also significant because the arbitral award will not subject the contractor to contractual limitation of liability. This means that the arbitral tribunal will award all the damages VKJ deems justified,“ explains Vilius Bernatonis, managing partner at TGS Baltic, explaining the significance of the victory.