INTEGRITES has successfully represented an oil trader in a dispute with a Russian oil giant in ICAC at CCI RF arbitration News/Projects
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The dispute arose out of two supply agreements and both parties filed claims to the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation. INTEGRITES’ client requested the return of the prepayment made under the agreements, while the opponent requested contractual penalty for wagon demurrage.

During long-term negotiations with a Russian oil giant INTEGRITES’ team assisted in reaching a settlement on the terms favorable for the client. Under the settlement agreement, the parties agreed to set off their mutual claims and to pay the remaining sum in favor of INTEGRITES’ client within 7 days from the date of the arbitral award (on agreed terms).

The Parties have completely fulfilled their obligations under the arbitral award and the agreed sum has been fully paid to the client.

Client’s interests were represented by Andrey Ryabinin, Partner (Moscow), Olena Perepelynska, Partner (Kiev), Ayvar Malikov, associate, and Evgeniy Konovalov, junior associate.

INTEGRITES has a 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.

Эта запись также доступна на: Russian

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