KIAP lawyers defended in the state court a penalty in the amount of 5 million US dollars, awarded by the ICAC at the CCI of Russia

23.06.2021
KIAP lawyers defended in the state court a penalty in the amount of 5 million US dollars, awarded by the ICAC at the CCI of Russia
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Several months ago, the KIAP lawyers collected a penalty in the amount of more than 5 million US dollars from the ICAC at the CCI of Russia. Further struggle in the Moscow Arbitration Court. The debtor tried to cancel the decision of the ICAC at the CCI of Russia and prevent the issuance of a writ of execution for public order. However, KIAP's lawyers managed to defend the decision of the ICAC at the CCI of Russia, as well as prevent the reduction of the penalty specified in the contract.

The interests of the Principal in the project were represented by senior lawyer Stepan Sultanov, partner Anna Grishchenkova. Assistance was also provided by lawyer Anton Kaminskiy and junior lawyer Diana Sattarova.



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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