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Sorainen Successful for Belomo in Arbitration

Sorainen Successful for Belomo in Arbitration

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Sorainen has successfully represented Belomo, a Belarusian enterprise specializing in optomechanical and optoelectronic equipment, in arbitration before the International Court of Arbitration of the International Chamber of Commerce.

According to Sorainen, "due to non-payment by a foreign buyer for goods delivered and refusal by Belomo’s insurers TASK CJSC to pay the insurance indemnity due in connection with non-payment, Belomo was forced to launch arbitration proceedings at the ICC. Thanks to the application of the Expedited Procedure Rules, Sorainen was able to achieve a positive arbitral award in a very short term for international arbitration proceedings. An arbitral award was rendered on May 11, obliging the unconscionable buyer to pay the price of the goods delivered plus a contractual penalty plus the costs of arbitration, including legal costs, with interest on each of these amounts until actual payment in full."

The Sorainen team consisted of Partner Alexey Anischenko, Advocate Kirill Laptev, and Legal Assistant Katsiaryna Hashko.