International disputes law firm LALIVE has won for subsidiaries of GreenX Metals (ASX:GRX) in defeating a challenge brought by the Republic of Poland before the Singapore International Commercial Court (SICC).
The challenge relates to a unanimous arbitral tribunal decision from October 2024, which held that Poland had breached its obligations under the Energy Charter Treaty, with respect to the Jan Kraski coking coal project in the southeastern Lubin province.
In October 2024, GreenX was awarded $519 million in compensation and interest in the Australia-Poland Bilateral Investment Treaty award. At the time, $378 million was awarded.
In 2025, Poland lodged a request to set-aside the Energy Charter Treaty award in the Singapore Court. The hearing for the set-aside was held in July 2025.
GreenX Metals, which has a market capitalisation of $305 million, says additional interest of $34 million has already accrued from when the award was made in October 2024 to end of December 2025. The interest will continue to compound annually until the full and final payment is made by Poland.
Poland’s challenge to the parallel award under the Australia-Poland Bilateral Investment Treaty is currently pending before the English High Court.
GreenX Metals says it will continue to defend its award and update the market in line with continuous disclosure requirements.
LALIVE is a London-based law firm providing comprehensive advice to companies, governments, international organisations and private clients to help anticipate and manage disputes around the world.
GreenX Metals is a clean-technology metals-focused company that discovers and develops sustainable critical mineral resources.
Write to Aaliyah Rogan at Mining.com.au
Images: GreenX Metals
