Interlegal defended the Client’s interests at the Ministry of Economic Development and Trade of Ukraine due to special sanctions
Interlegal defended interests of the Client – foreign importer, due to special sanctions imposed by the Ministry of Economic Development and Trade of Ukraine.
Today there is a widespread practice of imposing special sanctions on foreign business entities. If previously sanctions concerned the Ukrainian residents, now restrictions in the form of sanctions more often apply to foreign companies having contractual relationship with the Ukrainian business entities.
Since foreign economic sanctions may impede foreign economic operations and result in essential losses for parties to the deal, it is extremely important not only to obtain prompt information about reasons for sanctions but also to defend interests by means of suspending and cancelling sanctions.
A foreign company – large supplier of plant protecting facilities, filed a request to Interlegal on interest defense due to the foreign economic sanctions in the form of suspending foreign business activity.
Having studied the documents as grounds for imposing special sanctions on the Client, Interlegal experts drafted a legal opinion and collected the required set of documents certifying that the Client did not violate the Ukrainian law provisions.
Having considered the relevant documents, the Ministry of Economic Development and Trade of Ukraine made a decision on suspending special sanctions, and the Client was able to restore foreign business activity, to fulfill its contractual obligations against the counteragent and to prevent losses caused by failure to perform foreign economic contracts.
At the next stage, Interlegal lawyers are drafting complaint against special sanctions and the Client’s interest defense at the court.