LCF has successfully persuaded Ukrainian courts to enforce an arbitration award obtained by Banke Electromotive.
According to LCF, “the dispute for the total amount of over EUR 700,000 was initiated [by] Banke Electromotive against a Ukrainian contractor and was tried by the International Commercial Arbitration Court at the CCI of Ukraine." According to the firm, "in the course of the trial, the Kyiv Court of Appeals and the Supreme Court upheld the position of the claimant and issued the permission to enforce the decision taken by ICAC, whereafter the decision was successfully enforced resulting in the recovery of the amount awarded to Banke Automotive.”
LCF’s team was led by Partner Ihor Kravtsov.
