Sorainen successfully represented Belomo in the case.
As reported in CEE Legal Mater and in others online publications due to non-payment by a foreign buyer for goods delivered and refusal by Belomo’s insurers TASK CJSC to pay the insurance indemnity due in connection with non-payment, Belomo launched an arbitration proceedings at the International Court of Arbitration of the International Chamber of Commerce. The court ruled the buyer to pay the price of the goods delivered plus a contractual penalty plus the costs of arbitration, including legal costs, with interest on each of these amounts until actual payment in full.
The Sorainen team was led by Partner Alexey Anischenko (Picture), Advocate Kirill Laptev and Legal Assistant Katsiaryna Hashko.
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