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
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.
It is not uncommon for the courts to be unstable, awarded by an arbitral tribunal with reference to its immeasurable nature. 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.