Sayenko Kharenko defended the client’s interests relating to recognition of a foreign arbitral award in Ukraine

Sayenko Kharenko’s international arbitration team defended the interests of its client, a Korean insurance company, in a case relating to recognition of the arbitral award of the Korean Commercial Arbitration Board on debt collection under the reinsurance contracts, which was heard by the Pechersk District Court of the City of Kyiv.

The Pechersk District Court of the City of Kyiv granted the application of Sayenko Kharenko’s attorneys and recognised the award of the Korean Commercial Arbitration Board for the total amount exceeding UAH 100 million, including the principal debt under the reinsurance contracts, as well as pre- and post-award interest.

The decision of the Pechersk District Court of the City of Kyiv was upheld on appeal by the Appeallate Court of the City of Kyiv.

Sayenko Kharenko’s team included counsel Olena Perepelynska and associate Olexander Droug.