Settlement under trade contract in the amount of 1 million USD

One of the leading European companies engaged in agricultural product supply from Ukraine applied to Interlegal for defense of its interests under trade contract. Our task was to solve the problem of charging payment for the goods.

The Parties entered into a series of contracts on Ukrainian raw sunflower oil delivery on FOB terms. The Seller properly fulfilled its obligations to supply the goods, but the Buyer failed to perform the Contract in full, namely made only partial payment for the goods, having caused large indebtedness. The contracts incorporated FOSFA terms and clause on English law.

Interlegal law team analyzed in detail all the documents and helped the Client to formulate a justified legal position for payment recovery under one of the contracts. As soon as the Client received payment in full (amounting to ca. 1 million USD), the dispute was settlement.

Our experts, due to vast experience, chose the right method to defend the Client’s interests – saving time and costs for dispute settlement by the English Arbitration Court, as prescribed by the contract. Our law firm still provides to the clients universal legal assistance and solution of the most difficult situations.

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