Key highlights
- Grupa Azoty Polyolefins filed a claim on 30 December 2025.
- The arbitration is with the Vienna International Arbitral Centre.
- The dispute involves a contract from 11 May 2019.
- The claim value is up to EUR 2.98 billion.
Arbitration Filing
On 30 December 2025, Grupa Azoty Polyolefins initiated arbitration proceedings with the Vienna International Arbitral Centre (VIAC) at the Austrian Federal Economic Chamber.
Parties Involved
The arbitration is against Hyundai Engineering Co., Ltd., concerning a contract signed on 11 May 2019.
Project Dispute
The dispute centers on the Polimery Police Project, with claims of contractual non-performance by Hyundai Engineering.
Claim Value
The total value of the claims is up to EUR 2.98 billion, attributed to the project's non-completion.
