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Avellum Contributes to Amicus Curiae Brief Regarding Enforceability of Foreign Awards in Ukraine

Avellum Contributes to Amicus Curiae Brief Regarding Enforceability of Foreign Awards in Ukraine

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Avellum has announced that it was part of the Ukrainian Arbitration Association’s (UAA) Working Group that prepared an amicus curiae (friend of the court brief (the “Brief”), submitted to the High Specialized Court of Ukraine for Civil and Criminal Cases to aid in the Court's consideration of an appeal against a lower court’s decision regarding the recognition and enforcement of a Grain and Feed Trade Association award of USD 17,536,000 and compound interest.

According to Avellum, the Brief is based on Ukrainian legislation and court practice. It also takes into account international approaches to issues relevant to the Court's consideration. The Brief addresses the the scope of public policy exception as ground to deny recognition and enforcement of foreign awards, and the court’s powers (i) to grant recognition and enforcement in part and (ii) to calculate interest at the rate set in a foreign award.

The UAA Working Group was chaired by Avellum Partner and Head of Dispute Resolution Dmytro Marchukov, who described the project as "the first of its kind in Ukraine," and said that "we are delighted and honored to be part of it. " According to Marchukov, "conclusions of the court on the issues in question may significantly influence further development of arbitration in Ukraine and perception of Ukraine as an arbitration-friendly jurisdiction.” 

Marchukov was assisted by Avellum Senior Associate Serhii Uvarov and Associates Anna Vlasenko and Oleksii Maslov.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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