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Vegas Lex Twice Successful for Alium

Vegas Lex Twice Successful for Alium

Russia
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Vegas Lex has won what it calls "two crushing victories" in the Arbitration Court of the North-Western District in the interests of pharmaceutical company Alium in disputes related to the construction contract of a large pharmaceutical plant. 

Vegas Lex reports that it demonstrated the "illegal payment under a bank guarantee and ... the recovery of a large sum paid by the bank, as well as in the dispute on the issuance of a writ of execution for the enforcement of the ICAC decision at the CCI (also made in favor of the client as a result of the successful work of our team)."

According to Vegas Lex, "both victories were won during the first three days after the resumption of the courts, previously suspended due to restrictions imposed due to the spread of coronavirus infection." According to the firm, "the dispute was examined under severe restrictions for the participants in the process (the mandatory presence of protective equipment - masks and gloves, admission to the courtroom for one representative immediately before the meeting, strict regulations on the duration of the speech, etc.)."

According to Vegas Lex, "the project was not without difficulties, [as] the opponents did their utmost to .... artificially change the jurisdiction of the dispute and discredit by any means the issued bank guarantee and the actions of the bank and the customer (our client)."

The firm's successful representation of Alium was led by Partner and Head of Real Estate Igor Chumachenko.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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