OREANDA-NEWS. March 29, 2011. SORAINEN Estonia achieved a precedent decision of the Supreme Court for Oxford Investments, part of the Oxford Sustainable Group international development firm, confirming the client's right to choose to fulfill its obligations in British pounds (GBP) or in local currency. The Supreme Court dismissed decisions of the lower courts ordering payment in local currency, which would have resulted in an exchange rate related loss, reported the press-centre of SORAINEN.

In addition the Supreme Court clarified the rules as to when procedural costs could be left to one party in relation to a compromise offer by the other party.

The client was represented by partner Carri Ginter and senior associate Veikko Puolakainen.