News and developments
INTEGRITES succeeds in GAFTA arbitration in favour of an Eastern European agricultural commodity trader
The dispute arose due to avoidance of the contract by respondent and the latter’s refusal to compensate damages incurred by claimant. The contract was governed by English law.
Respondent refused to perform the contract because, inter alia, it has disputed the authority of the broker to conclude the contract on its behalf and questioned the identity of the client (arguing that another company from the client’s group of companies was a proper counterparty to the contract). As a result, the Tribunal upheld the INTEGRITES position and rendered an award in favour of the firm’s client.
Supervised by Partner and Head of International Arbitration Olena Perepelynska, the project team included Counsel Krystyna Khripkova, Associate Nadiya Mykiyevych and Junior Associate Anna Kozyrieva.