London arbitration award enforcement in the United Arab Emirates
24 August, 2022
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The Client – Ukrainian company engaged in design and construction in the framework of shipbuilding industry – applied to Interlegal. Since the Client’s customer, a large UAE company, failed to pay for order in due term, Interlegal initiated arbitration proceedings at the London Commercial Arbitration Court, despite partially successful attempts to settle the dispute voluntarily.
See for details of arbitration proceedings upon this case: https://interlegal.com.ua/ru/novosti/juristy_interlegal_oderjali_pobedu_v_londonskom_arbitraje/
High professional experience and proper coordination of arbitration proceedings by Interlegal resulted in making decision on full satisfaction of all the Client’s claims.
At the final stage, arbitration award was recognized and enforced in the United Arab Emirates, i.e. in the Defendant’s registration state. Due to special law requirements on proper execution of all the documents required for recognition and enforcement of arbitration award in the UAE, as complicated by COVID-19 restrictions, it took over one year for preparation to arbitration proceedings and for enforcement of arbitration award against the Defendant.
Despite all the obstacles and pandemic restrictions that also affected delay of proceedings, Interlegal experts succeeded in completing case proceedings, which resulted not only in debt recovery in favor of the Client for services rendered to the Defendant, but also in monetary reimbursement of legal costs – both at the arbitration tribunal and at the UAE court, jointly with cost of drafting necessary documents and other expenses (including interests).
Therefore, despite long-term case proceedings (over three years in whole), Interlegal lawyers helped the Client to receive both all costs payable for rendered services and reimbursement of all expenses invested in restoring justice.
Interlegal English Law team: associate attorney Mykola Kozachenko, junior lawyer Diana Mykhailova, managed by partner Alexey Remeslo, led the case.