Aceris Law is pleased to announce the successful resolution of an ICC international arbitration brought by its clients, entities from the CIS region, against a State-owned African electricity production company.
The arbitration, seated in Paris and governed by French law, concerned a dispute arising under multiple work contracts for the performance of works at a major electricity-generating facility in Africa.
The arbitration, initiated in 2023 and seated in Paris under French law, was suspended several times to allow for negotiations. Ultimately, the State-owned African enterprise agreed to pay the full principal claimed, in addition to all arbitration costs, including Aceris Law’s legal fees, the ICC’s administrative fees, and the arbitral tribunal’s fees. This outcome represents an exceptional success for our clients, sparing them the uncertainty and delays of lengthy enforcement proceedings while securing a complete recovery.
Aceris Law’s arbitration team handled the case with strategic precision and an unwavering commitment to protecting our clients’ commercial interests. Not only was the full amount claimed recovered, but all associated arbitration costs, including Aceris Law’s always reasonable legal fees, were reimbursed in full. This result highlights Aceris Law’s ability to deliver outstanding outcomes consistently.
The matter was expertly handled by Aceris Law’s founding partner, William Kirtley, and Anastasia Tzevelekou, a triple-qualified arbitration lawyer. Both bring a wealth of experience and a proven track record of securing favourable awards and settlements in complex arbitrations involving State-owned enterprises, major construction projects, and disputes governed by a wide range of laws and arbitration rules.
This success also reaffirms Aceris Law’s reputation for delivering Big-Law quality with boutique agility and cost-effectiveness, achieving exceptional results in high-value, cross-border disputes for clients across the globe.
