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.