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Avellum Contributes to Amicus Curiae Brief Regarding Enforceability of Foreign Awards in Ukraine

Avellum Contributes to Amicus Curiae Brief Regarding Enforceability of Foreign Awards in Ukraine

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Avellum has announced that it was part of the Ukrainian Arbitration Association’s (UAA) Working Group that prepared an amicus curiae (friend of the court brief (the “Brief”), submitted to the High Specialized Court of Ukraine for Civil and Criminal Cases to aid in the Court's consideration of an appeal against a lower court’s decision regarding the recognition and enforcement of a Grain and Feed Trade Association award of USD 17,536,000 and compound interest.

According to Avellum, the Brief is based on Ukrainian legislation and court practice. It also takes into account international approaches to issues relevant to the Court's consideration. The Brief addresses the the scope of public policy exception as ground to deny recognition and enforcement of foreign awards, and the court’s powers (i) to grant recognition and enforcement in part and (ii) to calculate interest at the rate set in a foreign award.

The UAA Working Group was chaired by Avellum Partner and Head of Dispute Resolution Dmytro Marchukov, who described the project as "the first of its kind in Ukraine," and said that "we are delighted and honored to be part of it. " According to Marchukov, "conclusions of the court on the issues in question may significantly influence further development of arbitration in Ukraine and perception of Ukraine as an arbitration-friendly jurisdiction.” 

Marchukov was assisted by Avellum Senior Associate Serhii Uvarov and Associates Anna Vlasenko and Oleksii Maslov.

Ukraine Knowledge Partner

Avellum is a leading Ukrainian full service law firm with a special focus on finance, M&A, and dispute resolution. Our goal is to be the firm of choice for our clients with respect to their most significant business transactions. We bring the most advanced Western legal techniques and practice, which, coupled with our first-hand knowledge, broad industry experience, and unparalleled level of service, will help our clients achieve best results in their business endeavours. We work seamlessly in integrated teams with premier US, UK and European law firms in course of multijurisdictional transactions. The team consists of 26 highly qualified attorneys, including three partners – Mykola Stetsenko, Glib Bondar, and Dmytro Marchukov, who are actively involved in every transaction. Avellum is recognised as one of the leading law firms in Ukraine by various international legal directories and Ukrainian legal editions (Chambers, Legal500, IFLR1000, Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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