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Alrud Successful for Skolstroj Turnov in EUR 43 Million Dispute

Alrud Successful for Skolstroj Turnov in EUR 43 Million Dispute

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Alrud has successfully represented Skolstroj Turnov in a EUR 43 million supply contract dispute in the Russian Arbitrazh Court.

According to Alrud, “Russian company ООО OMSK-Steklotara, a buyer under the contract, filed a claim for recovering the advanced payment under the contract from Sklostroj Turnov CZ, s.r.o. It alleged non-performance of the contract and invalidity of the arbitration clause in the contract. Although our client did not acknowledge the merits of the claim: the main protection strategy was to terminate the proceedings, without consideration of the merits due to the arbitration clause in the contract.”

According to the firm, it succeeded in persuading the courts of three instances to “leave the claim against the client, without consideration, due to an arbitration clause in the contract providing for [the] settlement of disputes, under the contract in the Vienna International Arbitral Centre. The key feature of the case was that, due to the defects in the arbitration clause, [Alrud] initiated the process of rectifying these in accordance with the European Convention on International Commercial Arbitration of 1961. Our team achieved rectification of defects in the arbitration clause, by obtaining clarifications from the Austrian and Czech Chambers of Commerce, as well as from Vienna International Arbitral Centre.”

Alrud’s team included Senior Partner Vassily Rudomino, Partners Maria Ostashenko and Magomed Gasanov, and Senior Associates Boris Ostroukhov and Ksenia Erokhina.

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 offices in the UK, the USA and 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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