Interlegal lawyers settled the dispute in the amount exceeding 1 million USD upon unpaid bunker supply

Interlegal lawyers settled the dispute in the amount exceeding 1 million USD upon unpaid bunker supply

Prompt, professional, in compliance with all the Client’s interests – that’s the dispute settlement upon unpaid bunker supply.

There is untypical interesting case in Interlegal practice: our Client was a bareboat charterer of vessels, whose previous managers had large indebtedness for bunker supply.

Case subject was indebtedness in the amount exceeding 1 million USD for seven sea-going vessels. It goes without saying that each vessel was arrested for unpaid debt.

Our Client wanted to organize commercial activity upon such seven vessels and therefore decided to pay the whole indebtedness. Its principal goal was their commercial use as soon as possible, jointly with negotiations upon dispute settlement price.

Facing such challenge, Interlegal law team developed strategy, hold negotiations 24/7, supported the Client’s interests despite any tactical movements of counteragents, as well as drafted and proceeded the Agreement on Claim Assignment governed by the English law.

Due to well-thought strategy, confidence in negotiation and professional work performance, the Client was able to settle dispute for several weeks, having preserved essential costs, in full compliance with the Client’s principal position.

Interlegal team, namely lawyers Taras Dragan and Ganna Liakhova, managed by senior associate & attorney-at-law Ellina Romanova, led the project.