One more victory in the Interlegal practice upon recognition and enforcement of arbitral awards
Almost one year of hard work upon recognition and enforcement of award of the MAC at the UCCI resulted in success of Interlegal experts who showed their skills in professional teamwork and steady results.
Having overcome active resistance of the opponents, Interlegal lawyers proved validity of demands and lawful grounds for satisfying the application on issuing permission of enforcement of award made by the Maritime Arbitration Commission at the Ukrainian Chamber of Commerce and Industry relying on the location of the debtor’s property in the territory of Ukraine. Arbitral award was made under the case on debt recovery initiated by the Ukrainian ship repair entity against the customer, a foreign shipowner, in the amount of nearly a quarter million US dollars for ship repair.
Additional argument in favour of the applicant was ship arrest which was granted by the court securing actual enforcement of the recognized arbitral award in Ukraine.