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AGA Partners successfully represented the client in London arbitration

AGA Partners successfully represented a major oil extraction plant in a dispute with a Turkish company in London arbitration. The dispute arose under USD4 million contract for the supply of sunflower oil to Egypt.

Our client has duly fulfilled his contractual obligations, but the respondent did not pay the full price for the delivered goods.

The case was complicated by the fact that the client had no control over the original documents as they were presented to third party and the goods were discharged by that time. Our client was simply unable to return the unpaid goods and had no other choice but to bring an action for the price in arbitration.

Usually, in the above circumstances a seller is simply unable to resell the goods on the market or to implement any other actions to return the unpaid goods. Accordingly, our client had no other choice but to bring an action for the price before the arbitration. Within this arbitration process, our team of lawyers has managed to provide the arbitral tribunal with all necessary evidence, proving that the client fulfilled all its contractual obligation and was entitled to the full price for the delivered goods.

After several months of proceedings, the arbitral tribunal fully satisfied our client’s claim covering a total of more than USD1 million plus arbitration fees and expenses as well as legal costs.

The AGA Partners’ team was led by partners Iryna Moroz and Ivan Kasynyuk, senior associate Iurii Gulevatyi, and associate Dmytro Izotov.

 

31.08.20