International Construction Arbitration: Protecting the Client’s Interests in an Amount Exceeding EUR 30 Million
REVERA provided comprehensive legal support to a major company implementing turnkey projects in the mining and metallurgical as well as mining industries in the CIS and beyond, within the framework of a dispute before the International Arbitration Court at the Belarusian Chamber of Commerce and Industry (IAC at the BCCI) against a major customer, a resident of Uzbekistan.
A project with an implementation value exceeding EUR 300 million became the subject of a dispute in an amount exceeding EUR 30 million. The case was considered under Uzbek law, while the seat of arbitration was Minsk, which immediately created a number of cross-border and conflict-of-laws challenges.
Debt Recovery in the VCCA Arbitration Court
The REVERA team assisted a UK company in recovering a debt from a Dutch counterparty under a staffing agreement.
By transferring the dispute from English courts to the VCCA arbitration, the case was resolved online within just two months, with all client’s claims fully satisfied.
Enforcement of ICC Arbitration Award in the High Court of Ireland
Representing a Belarusian legal entity (creditor) in proceedings before the High Court of Ireland for recognition and enforcement of an ICC arbitration award against an Irish counterparty concerning debt recovery of EUR 1 million.
The complexity of the case was related to sanctions risks that could lead to freezing of funds on European accounts, as well as the limited efficiency of alternative recovery mechanisms such as the 21-day letter or bankruptcy proceedings.
