Sayenko Kharenko international arbitration team successfully represented Ukrainian grain trader KAIC in an arbitral proceeding before The Grain and Feed Trade Association (GAFTA).
The arbitral proceeding, initiated by a Swiss grain trader, concerned damages compensation for alleged breach of three grain sale contracts for total amount of about USD 1 million, and counterclaim, filed by JSC KAIC on collecting a fine for delay in payment.
GAFTA arbitral tribunal agreed to arguments of Sayenko Kharenko team and declined the claim. At the same time, it satisfied a counterclaim by KAIC. The Arbitral tribunal found, that a Swiss trader committed a breach of contracts by unlawfully declaring their termination.
Sayenko Kharenko’s team included lawyers Tetyana Makukha and Olesia Gontar and was led by arbitration practice co-head Olena Perepelynska.