diff --git a/deps/concordium-rust-sdk b/deps/concordium-rust-sdk
index 9ff42812..82b76449 160000
--- a/deps/concordium-rust-sdk
+++ b/deps/concordium-rust-sdk
@@ -1 +1 @@
-Subproject commit 9ff4281215718d86787a44d8fc7bef8aede3228b
+Subproject commit 82b76449ba7627a69d86cb39e448cd21447d25b8
diff --git a/trackAndTrace/sponsored-transaction-service/src/main.rs b/trackAndTrace/sponsored-transaction-service/src/main.rs
index 3f8c802e..edc15093 100644
--- a/trackAndTrace/sponsored-transaction-service/src/main.rs
+++ b/trackAndTrace/sponsored-transaction-service/src/main.rs
@@ -281,7 +281,7 @@ pub async fn handle_transaction(
                 match rejected_transaction.decoded_reason {
                     Some(decoded_reason) => {
                         Err(ServerError::TransactionSimulationRejectedTransaction(
-                            decoded_reason,
+                            ErrorSchema(decoded_reason),
                             rejected_transaction.reason,
                         ))
                     }
diff --git a/trackAndTrace/sponsored-transaction-service/src/types.rs b/trackAndTrace/sponsored-transaction-service/src/types.rs
index 3f094b8b..8de55ce9 100644
--- a/trackAndTrace/sponsored-transaction-service/src/types.rs
+++ b/trackAndTrace/sponsored-transaction-service/src/types.rs
@@ -1,7 +1,6 @@
 use axum::{extract::rejection::JsonRejection, http::StatusCode, Json};
 use chrono::{prelude::*, TimeDelta};
 use concordium_rust_sdk::{
-    contract_client::RejectReasonDecodeError,
     endpoints::QueryError,
     smart_contracts::common::{
         self as concordium_std, AccountAddress, AccountSignatures, ContractAddress,
@@ -11,6 +10,7 @@ use concordium_rust_sdk::{
     types::{smart_contracts::ExceedsParameterSize, Nonce, RejectReason, WalletAccount},
 };
 use hex::FromHexError;
+use serde_json::Value;
 use std::{
     collections::{BTreeSet, HashMap},
     fmt,
@@ -19,6 +19,36 @@ use std::{
 };
 use tokio::sync::Mutex;
 
+/// Define a newtype wrapper around the error schema type.
+#[derive(Debug)]
+pub struct ErrorSchema(pub Value);
+
+/// Write a custom display implementation for the error schema type.
+/// This displays nested errors meaningfully.
+impl std::fmt::Display for ErrorSchema {
+    fn fmt(&self, f: &mut fmt::Formatter<'_>) -> fmt::Result {
+        match &self.0 {
+            Value::Object(map) => {
+                if let Some(key) = map.keys().next() {
+                    write!(f, "{}", key)?;
+                    if let Some(value) = map.values().next() {
+                        if value.is_array() {
+                            write!(f, "{}", ErrorSchema(value.clone()))?;
+                        }
+                    }
+                }
+            }
+            Value::Array(arr) => {
+                if let Some(value) = arr.iter().next() {
+                    write!(f, "::{}", ErrorSchema(value.clone()))?;
+                }
+            }
+            _ => write!(f, "{}", self.0)?,
+        }
+        Ok(())
+    }
+}
+
 #[derive(Debug, thiserror::Error)]
 /// Errors that can occur in the server.
 pub enum ServerError {
@@ -34,20 +64,16 @@ pub enum ServerError {
     /// The parameter exceeds the length limit.
     #[error("The parameter exceeds the length limit: {0}")]
     ParameterError(#[from] ExceedsParameterSize),
-    /// The transaction reverted during the simulation but the reject reason
-    /// could not be decoded.
-    #[error("The reject reason of the reverted transaction could not be decoded: {0}")]
-    RejectReasonDecodeError(#[from] RejectReasonDecodeError),
     /// The transaction simulation returned with a contract rejection.
     #[error("Simulation of transaction rejected in smart contract with reject reason: {0:?}.")]
     TransactionSimulationError(RejectReason),
     /// The transaction simulation returned with a contract rejection and a
     /// decoded reject reason.
     #[error(
-        "Simulation of transaction rejected in smart contract with decoded reject reason: {0:?} \
+        "Simulation of transaction rejected in smart contract with decoded reject reason: `{0}` \
          derived from: {1:?}."
     )]
-    TransactionSimulationRejectedTransaction(String, RejectReason),
+    TransactionSimulationRejectedTransaction(ErrorSchema, RejectReason),
     /// The contract client could not be created because of a network error.
     #[error("Failed to create contract client: {0:?}")]
     FailedToCreateContractClient(QueryError),
@@ -93,15 +119,6 @@ impl axum::response::IntoResponse for ServerError {
                     Json(format!("Unable to create parameter because: {error}")),
                 )
             }
-            ServerError::RejectReasonDecodeError(error) => {
-                tracing::error!("Internal error: {error}");
-                (
-                    StatusCode::INTERNAL_SERVER_ERROR,
-                    Json(
-                        "An internal error occurred while decoding the reject reason.".to_string(),
-                    ),
-                )
-            }
             ServerError::NetworkError(error) => {
                 tracing::error!("Internal error: {error}");
                 (