Contract in the amount of 2 million USD: renewal of performance by Interlegal

A Polish Client, acting as the Seller under the contract on sunflower oil supply on CIF terms with the Egyptian Buyer, applied to Interlegal. For over one month, the Buyer neither paid for the goods nor provided to the Seller any reasonable grounds for such delay. The Client applied in order to receive over 2 million USD for supplied goods. The contract incorporated both FOSFA terms and English law provisions.

Having analyzed all the documents provided by the Client, jointly with certain provisions of English law, Interlegal law team conducted claims handling and defended the Seller’s rights and financial interests.

In the framework of this project, due to correct tactics the Buyer duly paid to the Client costs for received goods, while the Parties also avoided additional expenses caused by potential arbitration proceedings.

Interlegal law team is ready to represent your business interests under similar and other disputes, as well as will help you to avoid such situation in a proper time & cost saving manner.

Interlegal associate attorney Igor Kostov and junior lawyer Larysa Karakach, managed by partner Alexey Remeslo , led the project.