Vasil Kisil & Partners secured a significant victory for its client, an international IT company, by helping to settle an arbitration dispute over the recovery of a multimillion-dollar debt.
The team of lawyers employed a comprehensive strategy by combining settlement negotiations with the representation of the client's interests in arbitration proceedings at the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry.
The client filed a claim with the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry to recover a contractual debt from two defendants from the Middle East. Although one of the co-defendants denied the arbitral tribunal's jurisdiction, claiming that it had not signed an arbitration clause, Vasil Kisil & Partners' lawyers proved the opposite. By presenting a thorough analysis and convincing evidence, including witness testimony, the team proved that the co-defendant agreed to be bound by the arbitration clause through its active participation in the pre-contractual negotiations as well as signing and performance of the main contract. This doctrine, known as "implied consent", was crucial to the dispute’s settlement.
Due to the work of Vasil Kisil & Partners' lawyers, the co-defendants have fully repaid the debt, securing for the client a fair and advantageous outcome.
The project was handled by Vasil Kisil & Partners' arbitration team: partner and head of arbitration Oleg Alyoshin, senior associate Vsevolod Mazurenko and associates Yulia Adamovych and Taisa Poetova.
For more details please contact Olga Shevchenko, PR Manager
Tel.: +380 67 358 47 82
E-mail: shevchenko@vkp.ua
About the Firm
Established in 1992, Vasil Kisil & Partners is a Ukrainian law firm that delivers integrated legal advice in banking & finance, mergers & acquisitions, capital markets, antitrust, competition and trade, dispute resolution, public advocacy, tax law, energy and natural resources law, intellectual property law, labor and employment law, real estate and construction law, as well as PPP, concessions and infrastructure law. Vasil Kisil & Partners is a member and exclusively represents Ukraine in such international professional associations as TerraLex (160 law firms in 100 countries), Cathay Associates (40 high-profile law firms with over 500 headcount worldwide in 43 major cities and countries across Europe and Asia) and Ius Laboris (1700 labor and employment lawyers in 50 countries). Andriy Stelmashchuk is a managing partner of Vasil Kisil & Partners law firm.
