AGA Partners is pleased to announce a successful outcome in arbitration proceedings before the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry (ICAC at the UCCI), where the firm represented a Swiss agritrading company. 

The arbitration was initiated by a Ukrainian agricultural producer, who filed a claim against our Client seeking recovery of outstanding payments for delivered goods, as well as contractual penalties. The overall claim amount exposed the Client to substantial commercial risk. 

During the proceedings, the legal team of AGA Partners implemented a comprehensive defence strategy and demonstrated that a significant part of the claim lacked proper legal and factual grounds. In particular, AGA Partners succeeded in proving the groundlessness of excessive penalties. 

The arbitral tribunal accepted the core defence arguments and concluded that the asserted claims required differentiation. As a result, the tribunal partially upheld the claim, reducing the total amount sought by the claimant by USD 100,000.00. 

Following the issuance of the arbitral award, the parties commenced settlement negotiations and ultimately reached an amicable settlement on commercially acceptable terms.  

The case was handled by partner Iryna Moroz and Associate Maksym Fesenko.