We are pleased to announce that our firm has recently won an International Chamber of Commerce (ICC) arbitration involving a construction dispute under Russian law. The dispute arose over delays in a construction project in Moscow. It concerned penalties that were imposed by the Respondent against the Claimant in order to set-off amounts that were owed.
From the outset, it was clear that the case would be complex, as it involved issues of contract interpretation, delay damages, and the application of Russian law. Our team of experienced lawyers and construction experts worked closely with the client to develop a strong case and present it effectively to the arbitral tribunal.
One of the key issues in the case was the question of delays in the construction process. The claimant argued that the delays were the result of the respondent’s omissions, while the respondent argued that the delays were caused by the claimant’s failure to perform its obligations under the contract. Another was the application of penalties under Russian law. Under Russian law, penalties may be reduced in certain circumstances in order to take into account the specific circumstances of the case and the parties involved.
After considering the evidence and arguments presented by both parties, the arbitral tribunal found in favour of the claimant and awarded compensation, along with interest. In its award, the tribunal carefully analysed the parties’ respective positions and applied the relevant provisions of Russian law to reach its conclusions. Aceris Law faced a leading Russian law firm.
Overall, we are pleased with the outcome of this case, and we believe it demonstrates our team’s expertise in handling complex construction disputes under Russian law (our team has also served in successful construction disputes under English law, Singapore law, French law, Swiss law, Saudi Arabian law, Uzbek law, Angolan law, Bosnian law, Georgian law, and a variety of other laws). We are grateful to our client for entrusting us with this matter, and we look forward to continuing to assist them in the future.
Our team of lawyers has a proven track record of success in handling complex construction disputes in a variety of international arbitration forums, including the International Chamber of Commerce (ICC), the London Court of International Arbitration (LCIA), the Stockholm Chamber of Commerce (SCC) and the Singapore International Arbitration Centre (SIAC).
With a deep understanding of the unique challenges and issues faced by clients in the construction industry, our lawyers are well-equipped to handle a wide range of disputes, including those involving delays, defects, and breaches of contract. We have represented clients in numerous construction arbitrations throughout the world, winning or amicably resolving nearly all cases.
Our team of lawyers works closely with clients to develop a strong case and present it effectively to the arbitral tribunal. We are dedicated to achieving the best possible outcome for our clients, and we are committed to providing unparalleled legal representation at every stage of the arbitration process, in a cost-effective manner.