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.

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.


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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". The practice is led by Anna Grishchenkova, partner, LL.M., MCIArb. In 2020 Anna was appointed as Regional Representative of the Russian Federation in the IBA Litigation Committee for the second time, and during 2018-2020 she was a Co-Chair of the Young Litigation Lawyers Forum of IBA. In 2019 Anna was appointed Deputy Chairman of the ICC Russia Commission on Arbitration. Anna is also a Regional Ambassador at HK45 - Hong Kong International Arbitration Centre’s committee (HKIAC). Included into panel of arbitrators in Hong Kong (HKIAC) and into list of arbitrators in Austria (VIAC), Kuala Lumpur (AIAC), Korea (KCAB INTERNATIONAL) and Russia (the Board Member of the Russian Arbitration Center). Author of the book “Psychology and persuasion skills in dispute resolution”. Co-author and co-editor of the book "Arbitration in Asia"


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