KIAP successfully settled a case on enforcement of award of Arbitration Institute of Stockholm Chamber of Commerce

07.08.2014
KIAP successfully settled a case on enforcement of award of Arbitration Institute of Stockholm Chamber of Commerce
KIAP represented a major German supplier of petroleum production equipment in the matter of enforcing an award of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) in Russia. Having filed a foreign arbitral award enforcement petition, the Firm's litigators succeeded in settling out of court following long talks with the defendant, who decided to comply with the award voluntarily. 

As a result, the award of the SCC for the client was complied with in full without ligitation, with the client also reimbursed for the legal costs of engaging KIAP. 

The engagement was carried out by KIAP Senior Associate Irina Suspitcyna and Partner Konstantin Astafiev.


International Commercial Arbitration

KIAP's International Commercial Arbitration practice represents clients’ interests in international commercial arbitration in Russia and abroad, as well as before Russian courts in matters involving recognition and enforcement of international commercial arbitration awards, provides consultations on arbitration agreements, its validity and enforceability, on facilitation of out-of-court settlements and on strategies for international commercial arbitration. The practice is recommended by the international rating Legal 500 EMEA, Russian rankings Pravo.ru-300, Kommersant and Pravo-300 "Sympathy rating". 


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