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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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Another important victory for AstapovLawyers Arbitration Team

March 2011

AstapovLawyers successfully represented EFKO group, one of the largest Russian food producers, in two FOSFA arbitration matters against a Malaysian palm oils supplier. 

The case related to enforcement of a number of mutual promises between the parties related to general framework of their cooperation. Therefore, interesting legal issues of contractual existence, validity of the arbitration clause have arisen.

The party- appointed arbitrators disagreed on the Award. Nominated Umpire found that the contract and arbitration clause were duly made in the form of oral agreements partly evidenced in writing.

Eugene Blinov, Senior Associate managing the working group for these cases comments: "The crucial point in these disputes was to put an emphasis on lack of any objections in contemporary documents by the respondent that there had been allegedly no agreements reached. This allowed us to speed up the resolution of the matters and gain positive result without resorting to witness evidence and all hardships this entails. It was an excellent example of fast track handling of the matter".

Mr. Andrey Astapov, Firm's Managing Partner and Head of Dispute Resolution Practice was quoted as saying: "This important case in the vegetable oil industry is another example of ever strengthening of our expertise in contracts and arbitration work. Being confronted with issues of high legal and factual complexity my colleagues from Arbitration Team are always on top of the situation."

AstapovLawyers’  project team for these cases comprised of Senior Associate Eugene Blinov and Associate Victoria Ishchenko.

For more information, please contact Elena Karchova, PR Director, AstapovLawyers: +38 (044) 490 70 01, pr@astapovlawyers.com

AstapovLawyers International Law Group is one of the leading full service Law Firms in Ukraine, Russia and Kazakhstan. The company is ranked among TOP-10 law firms and is recognized by such respected international industrial publications as Corporate INTL Magazine, Who’s Who Legal, Legal 500 and others. Particularly in 2010 AstapovLawyers was chosen as the winner of the Corporate INTL Magazine Global Award “Dispute Resolution Advisory Firm of the Year in Ukraine” and “Competition Law Advisory Firm of the Year in Russia”. The firm employs over 80 high qualified professionals in its offices in Ukraine, Russia and Kazakhstan. Firm's key clients include agro companies Glencore, Soufflet Negoce SA, Bunge, Valars Group, EFKO, Mriya, United grain company, alcohol holdings  Nemiroff, Soyuz-Victan, banks Raiffeisen Zentralbank, Cesci Komerzi Bank, Rodovid Bank, pharmaceutical companies Bayer, Metagenics, Optima pharm, telecom companies CDMA, Jump Ukraine/Beeper, Huawei, metallurgical companies ThyssenKrupp SA, Ferrexpo/Vorskla Steel, DEMZ, EMSS – Energomashspetsstal, and companies Danone/Nutricia, Avery Dennison, Detskiy Mir, Perdue Farms, China National Oil Corporation, Energoatom and others. More information about the firm is available at www.astapovlawyers.com.


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