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Vasil Kisil & Partners Act for Sumitec Ukraine in a Debt Recovery Dispute

Vasil Kisil & Partners Act for Sumitec Ukraine in a Debt Recovery Dispute

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Vasil Kisil & Partners has successfully represented Sumitec Ukraine in judicial proceedings to recover amounts owed for services rendered for repair and maintenance of equipment.

Sumitec Ukraine is a distributor of equipment and provides business solutions for the mining industry and mineral production, construction, and warehouse logistics. The company has been operating in Ukraine since 2003. Sumitec Ukraine is a part of Tokyo's Sumitomo Corporation.

According to VKP, "first and appellate instance courts held that the claims raised by Sumitec Ukraine relating to the payment for services were reasonable and recovered from the customer what was due, including the penalties. Since the debtor and a part of its property were located within the anti-terrorist operation zone in the Eastern Ukraine, both the court and the plaintiff had to take additional measures to notify the defendant properly of the claims filed, scheduled court hearings and court decisions rendered. Vasil Kisil & Partners lawyers managed to ensure that the case was heard within the period required by the law and to obtain a positive decision to recover the indebtedness and penalties from the defendant."

The VKP team was led by Partner Alexander Borodkin, supported by Senior Associate Yuriy Kolos.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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