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Eterna Law

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

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AstapovLawyers succeeds in a GAFTA arbitration involving their Kazakh client

November 2010

The GAFTA arbitration tribunal has rendered an award in favour of AstapovLawyers' client, one of the largest agricultural producers and traders in Kazakhstan, in a long-lasting arbitration case against an importer from Germany.

This complicated case concerned a number of issues of applicable Kazakh and English law, insurance law and acceptance of damaged goods delivered under a CIF contract. The first tier award published in November 2009 contained quite odd findings giving a respondent an award where there had been neither counterclaim nor request for a set-off.

At the appeal stage, the Board of GAFTA arbitrators has taken the well argued position of AstapovLawyers' client and set aside the first tier award granting relief to the claiming party only.

Eugene Blinov, Senior Associate of AstapovLawyers international arbitration and litigation department, says: "We are delighted to have been able to support our client with a high profile legal solution based on our expertise in international commodity arbitration and deep understanding of the market."

Andrey Astapov, AstapovLawyers' Managing partner, adds: "It is a significant achievement for our CIS practice that undoubtedly further strengthens the outstanding reputation of our international arbitration and litigation practice."

This case was handled by AstapovLawyers international arbitration practice, in particular by Senior Associate Eugene Blinov and Managing Partner Andrey Astapov.


For more information please visit www.astapovlawyers.com   

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