INTEGRITES won USD 1,5 mln SCAI arbitration

INTEGRITES International Arbitration practice team, led by Olena Perepelynska, Partner and Head of CIS Arbitration, has successfully represented one of the leading metallurgical companies in Ukraine in USD 1,5 mln Swiss Rules (SCAI) arbitration against the Russian buyer.

The dispute arose out of the buyer’s breach of the supply contract and his failure first to deliver the goods, and later to return the advance payment received from the seller with reference to the alleged force majeure circumstances. The claims included a significant amount of pre-award penalties and interest (for almost USD 1 mln), which the buyer unsuccessfully sought to reduce.

As a result, the Tribunal granted 100% of the INTEGRITES client claims.

Client’s interests were represented by Olena Perepelynska, Partner, Krystyna Khripkova, senior associate, and Anastasiia Iliashenko, associate (all – INTEGRITES International Arbitration practice).

INTEGRITES has considerable experience in the 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.