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Ilyashev & Partners Seeks Enforcement of ICAC Arbitration Order for Ukrainian State Strategic Enterprise Antonov

Ilyashev & Partners Seeks Enforcement of ICAC Arbitration Order for Ukrainian State Strategic Enterprise Antonov


Ilyashev & Partners is representing the Ukrainian State Strategic Enterprise “Antonov,” which on October 12, 2017, filed a motion in the Sviatoshynskyi District Court of Kyiv for enforcement of a judgment delivered by the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry awarding more than UAH 32 million to Antonov from the Libyan Executive Authority for Special Flights.  

According to Ilyashev & Partners, the judgment in favor of Antonov was delivered by the ICAC at the Ukrainian CCI on May 16, 2017, in which the Court granted Antonov's claim to recover the debt owed by the corporate successor of Libyan Arab Air Cargo, which had brought an aircraft for maintenance in 2010. The Libyan state authority did not voluntarily execute the ICAC's order.

“Antonov, protecting its legitimate rights, is forced to request the foreclosure on the aircraft AN-124-100 'Ruslan' owned by the Libyan party and residing in Kyiv," commented Ilyashev & Partners Senior Partner Roman Marchenko. "If the debt is not recovered the aircraft will be placed on auction by the State Executive Service."

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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).

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