29
Fri, Mar
51 New Articles

Ilyashev & Partners Persuades Ukraine's Supreme Court to Enforce Foreign Arbitration Award for China's J.S. Corrugating Machinery Co.

Ilyashev & Partners Persuades Ukraine's Supreme Court to Enforce Foreign Arbitration Award for China's J.S. Corrugating Machinery Co.

Ukraine
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Ilyashev & Partners has successfully represented China's J.S. Corrugating Machinery Co., Ltd. in its request that Ukraine's Supreme Court enforce an arbitral award issued on its behalf by the China International Economic and Trade Arbitration Commission for the recovery of over USD 5 million from Ukrainian debtor South Cardboard LLC.

Ilyashev & Partners describes J.S. Corrugating Machinery Co. as "one of the largest China-based manufacturers of packaging machines." According to the firm, "the company has 27 sales offices, 18 branches, and 38 service stations worldwide, including subsidiaries in Istanbul, Moscow, New Delhi, and Ho Chi Minh City."

According to Ilyashev & Partners, the debt arose as a result of a breach by the Ukrainian company of its obligations under an equipment supply contract concluded in 2012. According to the firm, on December 10, 2020, "the Supreme Court "satisfied in full the foreign manufacturer’s application for the recognition and enforcement of the arbitral award, and also confirmed the lawfulness of recovery of 100% of the client’s legal costs from the debtor."

Ilyashev & Partners' team was supervised by Senior Partner Roman Marchenko and included Counsel Andrey Bychkov, Attorney at Law Oleksandr Denysenko, and Lawyer Oleh Kulyk. 

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

 

Our Latest Issue