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Bryan Cave Leighton Paisner (Russia) LLP has brought yet another victory for its client, Samsung C&T Corporation, in the proceeding against REMZ (Rostovskiy ElectroMetallurgicheskiy Zavod) caused by the breach by the latter of a supply contract. The court ordered REMZ to pay USD 1,050,000 of principal debt and USD 790,000 in damages. The decision of the court of first instance was appealed by REMZ, but the court of appeals reaffirmed it without modification.
Samsung C&T Corporation focuses on residential and industrial engineering and construction, import and export of petrochemicals, coal, steel, etc.
The team of Bryan Cave Leighton Paisner (Russia) LLP lawyers who represented Samsung C&T Corporation was led by Dispute Resolution Partner Ivan Veselov and included Partner Sergey Milanov, Head of Asia Practice, and Dispute Resolution associates Dmitry Mileshin, Pavel Ryavkin and Ksenia Vaizullina.