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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 successfully acted for a Russian trading company in GAFTA arbitration

October 2013

AstapovLawyers International Arbitration team has represented a major Russian trading company in arbitration before the Grain and Feed Trade Association (GAFTA).

 

The dispute revolved around the failure of UAE-registered respondent to pay the purchase price for the shipped cargo of Russian wheat in accordance with the terms and conditions of a sale contract. By the award of GAFTA Tribunal the claimants were awarded damages that had arisen out of subsequent re-sale of the cargo to a substitute buyer, accrued demurrage along with interest and incurred fees and costs of the arbitration proceedings.

The case was handled by Eugene Blinov, Partner and Head of International Arbitration Department of AstapovLawyers ILG and Associate Elena Kardash.

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