fbpx
Size of letters 1x
Site color
Image
Additionally
Line height
Letter spacing
Font
Embedded items (videos, maps, etc.)
 

Redcliffe Partners recovered more than EUR 1.3 million for its client under the Vienna International Arbitral Centre (VIAC) award

27/ 12/ 2019
  Redcliffe Partners has successfully acted for a global leading supplier of high-grade refractory materials securing a leave to enforce the Vienna International Arbitral Centre (VIAC) award in Ukraine and having it actually enforced in three parallel enforcement proceedings. The award was based on a complex arbitration agreement based on a number of contracts and procedural documents of different forms, and envisaged accrual of interest and recovery in three currencies. The court granted in full the application for a leave to enforce the award recovering the principal debt and interest from the debtors, a leading Ukrainian glass containers producer and an insurance company. The court also granted EUR 13,179.43 and UAH 86,589.46 in legal costs to be recovered from the debtors, which is approximately 84 per cent of the claimed court expenses. The indebtedness and interest for the total amount of EUR 1.3 million have been recovered for the client in three parallel enforcement proceedings within less than 22 days. Redcliffe Partners team led by Sergiy Gryshko, a partner and Head of the Dispute Resolution practice of Redcliffe Partners, consisted of Yevgen Diadiuk, senior associate, and Victoria Ivasechko, associate.

Redcliffe Partners has successfully acted for a global leading supplier of high-grade refractory materials securing a leave to enforce the Vienna International Arbitral Centre (VIAC) award in Ukraine and having it actually enforced in three parallel enforcement proceedings.

The award was based on a complex arbitration agreement based on a number of contracts and procedural documents of different forms, and envisaged accrual of interest and recovery in three currencies. The court granted in full the application for a leave to enforce the award recovering the principal debt and interest from the debtors, a leading Ukrainian glass containers producer and an insurance company. The court also granted EUR 13,179.43 and UAH 86,589.46 in legal costs to be recovered from the debtors, which is approximately 84 per cent of the claimed court expenses.

The indebtedness and interest for the total amount of EUR 1.3 million have been recovered for the client in three parallel enforcement proceedings within less than 22 days.

Redcliffe Partners’ team led by Sergiy Gryshko, a partner and Head of the Dispute Resolution practice of Redcliffe Partners, consisted of Yevgen Diadiuk, senior associate, and Victoria Ivasechko, associate.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks

Spelling error report

The following text will be sent to our editors: