International Arbitration team of INTEGRITES has successfully represented a leading steel producer in Ukraine in a multi-party LCIA arbitration initiated by a European creditor. The key issues in the dispute concerned the interpretation of a loan facility agreement and application of the English Limitation Act 1980 to various claims. INTEGRITES team has prevailed on a defense of limitation having proved that part of the claim was barred. As a result, the tribunal reduced the amount of the claim by USD 7 mln, which exceeded the client’s expectations.
Our team included Olena Perepelynska, Partner, Head of CIS Arbitration, Krystyna Khripkova, Senior Associate, Anastasiia Illiashenko, Associate, and Alina Ostapyuk, Junior Associate.
INTEGRITES has considerable experience in resolution of multi-jurisdictional disputes involving the CIS parties. We offer comprehensive services and solutions, including asset tracing, representing the clients in courts and arbitrations, as well as ultimate enforcement of judgments and awards.