Swedish Court orders refund of losses for gambling addiction
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Senior Associate
Sweden
I'm a senior associate in our Corporate practice in Stockholm, where I advise our clients on both domestic and cross-border transactions, private M&A transactions and other corporate law matters.
Senior Associate
Sweden
I'm a senior associate in our Corporate practice group in Stockholm, where I mainly advise clients on legal issues within corporate and commercial law.
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In December 2023, a groundbreaking judgment was delivered by the Swedish Patent and Market Court of Appeal in favour of a former gambling addict who incurred a loss of over EUR 500,000 through gambling. The court ruled that the individual was entitled to reimbursement from the gambling company, as the bets were deemed void under the Swedish Contracts Act. The landmark ruling allows individuals who lost money under similar circumstances to seek similar compensation from Swedish gambling companies.