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Eterna Law

SOPHIA BUSINESS CENTER, 6 RYLSKIY LANE, 01601 KYIV, UKRAINE
Tel:
Work +380 44 490 7001
Email:
Web:
https://www.eterna.law
Almaty, Kiev, Moscow

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AstapovLawyers facilitates settlement of a complex multimillion dispute

July 2010

Recently a multimillion dispute referred to GAFTA Arbitration in London involving one of the largest agricultural traders originating from the Russian Federation and a Monaco-based international trading company was settled amicably by AstapovLawyers after intense arbitration proceedings had been commenced.

Recently a multimillion dispute referred to GAFTA Arbitration in London involving one of the largest agricultural traders originating from the Russian Federation and a Monaco-based international trading company was settled amicably by AstapovLawyers after intense arbitration proceedings had been commenced.

The dispute in a nutshell concerned demurrage allegedly incurred by several panamax and handy-size vessels whilst performing a string of sale contracts between the same parties based on a very complex factual matrix. Several parallel arbitration proceedings had been initiated by the claiming party. The dispute remained pending in GAFTA Arbitration for more than a year and was eventually resolved in an amicable manner on the terms favourable to our Clients.AstapovLawyers aims to find best solutions for its Clients to ensure maximum yield from our services. We are keen to assist our Clients in leaving space for further business cooperation between the disputing entities.

The case was personally managed by the Managing Partner Mr. Andrey Astapov and Senior Associate Mr. Eugene Blinov.

www.astapovlawyers.com

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