Interlegal secured not only winning GAFTA arbitration, but also effective enforcement of the award in favor of the client
17 April, 2025
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Previously we reported on successful defense of our Client’s interests in the framework of GAFTA arbitration proceedings upon supply of 52,800 metric tons of Ukrainian wheat on CIF terms to Chattogram, Bangladesh.
Click here for details: Interlegal Successfully Defended the Seller’s Interests in GAFTA Arbitration: Demurrage Recovery from the Buyer.
However, a victory in arbitration is only the first step towards protecting the client’s rights. It is equally important to secure actual enforcement of the arbitration award.
In this case, the buyer initially considered an option to contest the GAFTA award and tried to impact on the seller in order to reduce the awarded reimbursement amount. However, thanks to clear legal position formulated at the arbitration stage and a carefully developed negotiation strategy, we managed to secure enforcement of the award without long-term egal proceedings.
The buyer acknowledged the lack of prospects for an appeal, rejected initiating the appellate proceedings and agreed to enforce voluntarily the arbitration award, namely to pay 200,000 USD.
This case once again confirms that highly qualified legal support is crucial not only for successful arbitration protection, but also for actually achieving a result – actual enforcement of the award.
If your business is facing similar challenges, please do not hesitate to contact Interlegal: we will help you to protect your rights and to achieve actual enforcement of awards. Interlegal lawyer Larysa Roshu, managed by partner Aleksey Remeslo, led the case.
