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Eterna Law

SOPHIA BUSINESS CENTER, 6 RYLSKIY LANE, 01601 KYIV, UKRAINE
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Almaty, Kiev, Moscow

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Mr. Andrey Astapov spoke on alternatives to GAFTA arbitration mechanism

July 2010

On April 13-16, 2010 Mr. Andrey Astapov, AstapovLawyers Managing Partner, presented an alternative solution to GAFTA arbitration mechanism during his speech on the 5th International Grain Trading Conference in Sharm El Sheikh, Egypt, organized by Russian Grain Union and APK-Inform under the auspices of the Ministry of Agriculture of the Russian Federation.

On April 13-16, 2010 Mr. Andrey Astapov, AstapovLawyers Managing Partner, presented an alternative solution to GAFTA arbitration mechanism during his speech on the 5th International Grain Trading Conference in Sharm El Sheikh, Egypt, organized by Russian Grain Union and APK-Inform under the auspices of the Ministry of Agriculture of the Russian Federation.

During the speech on ‚ÄėGAFTA Arbitration in Black Sea Grain Trade: an Inevitable Reality or Reality To Be Changed' Mr. Astapov emphasized considerable growth in the share of the role of Ukrainian and Russian grain exports in the world grain trading and suggested introducing contractual and arbitration regime alternative to the one existing at GAFTA.

Mr. Astapov's speech was met with broad enthusiasm among mainly Russian trading circles.

The full presentation of Mr. Astapov's speech you can find here.

During the Conference's discussions the attendees emphasized that the tendencies of the world economic globalization existing in the past decade confirm the necessity to expand international cooperation in the areas of production, consumption, processing and investments, as well as in the agrarian sphere. Participants of the Conference also noted dramatic increase in the volumes of exports of Russian and Ukrainian grain to the countries of North Africa and Middle East over the last few years.

The subject-matter of the Conference included the most topical questions of interest for all grain market participants without exception - the results of the expiring year and the first forecasts of the market development in the new 2009/10 MY, export possibilities of the Black sea region and import potential of the Egyptian market, prospects of the freight market. The Conference paid great attention to the subjects of food security and possibilities of food deliveries within the international humanitarian programs. And separate attention was focused on the most important problem concerning all world grain market participants - influence of global crisis on the trade with agricultural commodities.

Being one of the leading Ukrainian full service law firms, AstapovLawyers is also the only law firm in Ukraine who has chosen agriculture to be its principal area of expertise. And participation in such valuable international events within grain trading community is an evidence of a high-profile experience of AstapovLawyers in all legal aspects of this market.

Mr. Astapov is widely regarded as the most reputable lawyer among the grain community in the CIS Region. His practice covers all aspects of agricultural activity including investment, export issues, GAFTA arbitration, logistics etc.

 

For more information please visit an official conference's website.

 

www.astapovlawyers.com

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