AGA Partners is pleased to announce a successful settlement in London arbitration where we represented a leading Ukrainian agricultural holding in their dispute against a prominent Chinese corporation.

The case revolved around a sale contract governed by English law for the supply of 1,500 MT of Ukrainian Crude Rapeseed Oil. The contract stipulated CIF delivery terms with a shipment period between 15 October and 15 November 2023. Challenges arose due to port congestion in Ukraine, prompting our client to request an extension of the shipment period to 25 November 2023. The buyers’ representative agreed to the extension and confirmed shipment in WhatsApp.

Despite this agreement, the buyers reneged on their commitment nearly a month after confirming shipment, citing alleged late delivery. Their abrupt rejection of the goods coincided with a significant market downturn and caused substantial losses to our client as the vessel neared China.

As a result, the client instructed our team to initiate London arbitration. A robust claim led the buyers to recognise their obligations and reach an amicable settlement. Consequently, our client achieved full compensation for the damages incurred, demonstrating the effectiveness of tailored and timely legal solutions.

Credits to the partners Ivan Kasynyuk and Iryna Moroz, together with the counsel Pavlo Lebediev and associate Anastasiia Shevchuk for handling this arbitration.