KIAP, Attorneys at Law, successfully represented the interests of a large energetic company in a dispute at the ICAC on assurances and guarantees

21.08.2018
KIAP, Attorneys at Law, successfully represented the interests of a large energetic company in a dispute at the ICAC on assurances and guarantees

The plaintiff stated in the claims that he suffered multi-million dollar losses in connection with the violation of the seller's guarantees and assurances provided in the contract of sale of the power station.

However, KIAP lawyers, representing the seller, managed to prove that the property sold by the Principal has corresponded to the quality stated in the contract, so that the plaintiff was provided with all the necessary information about the condition of the property, no assurances and guarantees were violated by the seller. Considering this the ICAC refused the claim and fully recovered from the plaintiff legal costs on the legal assistance provided by KIAP in favor of the Principal.

The Principal’s interests within the case were represented by Anna GrishchenkovaMaxim Burda, Alexey Gurin and Andrey Korelskiy.



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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