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CEELM Comparative Legal Guide: Corporate Governance 2023

EPAM Successful for Morsvyazsputnik in Dispute with Glonass North-West

EPAM Successful for Morsvyazsputnik in Dispute with Glonass North-West

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Egorov Puginsky Afanasiev & Partners has successfully represented Morsvyazsputnik, the only Russian supplier of INMARSAT satellite communications services, in a contractual dispute against Glonass North-West.

EPAM reports that Morsvyazsputnik developed a microprocessor-controlled device for an Industrial Internet of Things and telematics system. Following a contract with Glonass North-West, Morsvyazsputnik transferred the device to Glonass North-West, but no payment was received.

According to EPAM, the court ruled in favor of Morsvyazsputnik, ordering Glonass North-West to pay its debt. However, Glonass North-West failed to comply with the court’s ruling due to a lack of funds. Glonass North-West’s creditors have now filed a petition for compulsory liquidation.

The EPAM team was supervised by the Ivan Smirnov, the Managing Partner of the firm's St. Petersburg Office, and included Senior Associates Evgeny Gurchenko and Artem Magunov, Associates Ays Lidzhanova and Alexander Svashenko, and Junior Associate Tebriz Tagiev.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated office in Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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