Following an appeal of the Odessa Region Appeal Court decision in Euler Hermes Services Schweiz AG v OJSC Odessa Fat and Oil Plant, on April 8 2015 the High Specialised Court of Ukraine issued a decision which confirms that an application for recognition and enforcement of an arbitral award can be served only by the original […]
Article V1(b) of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, better known as the New York Convention,(1) provides that recognition and enforcement of a foreign arbitral award may be refused, at the request of the party against which it is invoked, only if that party furnishes proof to the competent authority […]
Introduction When bankruptcy proceedings are opened against a Ukraine-registered debtor company, a register of creditors’ claims must be formed in order to decide on debt repayments. If a creditor does not file an application for entry into the register, its claim will be considered discharged. To be entered into the register, the creditor’s claim must […]
GAR: The president of the Supreme Arbitrazh Court of the Russian Federation, Anton Ivanov, has told a conference in St Petersburg that the Russian courts should be granted powers to set aside foreign court judgments and international arbitration awards that prejudice interests of Russian parties.