AGA Partners successfully represented the Client – the largest Chinese state corporation specialising in the production of a wide range of construction materials in a case regarding the recognition and enforcement of an arbitration award International Chamber of Commerce ICC issued in Hong Kong.

This case is particularly significant for several reasons, namely: (1) an arbitration award was recognised and permitted for enforcement despite ongoing liquidation procedures against the debtor bank, and (2) the amounts awarded by the arbitration decision exceed 100,000,000.00 euros.

Therefore, the Court's decision sets an important precedent for future cases related to the recognition and enforcement of foreign arbitration awards in Ukraine in the context of bank liquidation proceedings. The AGA Partners team was represented by partner Iryna Moroz, senior associate Dariia Zyma, associate Maksym Fesenko, and associate Tetiana Osypenko.