International law firm Integrites has represented China Export & Credit Insurance Corporation SINOSURE in settlement of a multimillion dispute with a Ukrainian agriculture company, a leader in production and import of crop-protection agents.
The dispute occurred due to a twelve-month delay in payment by the Ukrainian distributor of agricultural fertilizers, incorporated in a foreign offshore jurisdiction, for a large supply of crop-protection agents delivered to Ukraine. In two months, the dispute was successfully settled, and all outstanding debts were fully paid to the Chinese supplier.
The project was lead by Managing Partner Vyacheslav Korchev and also included lawyers Denis Kopiy, Artur Tretyakov and Oleg Svientukh.
China Export & Credit Insurance Corporation SINOSURE - is a state-funded policy-oriented insurance company, established in 2001 for promoting China’s foreign trade and economic cooperation.