Aceris Law is pleased to have successfully resolved another complex dispute for a well-deserving client. The case concerned the development of wind farms in an Eastern European country, with a number of interrelated contracts under English law calling for the resolution of disputes pursuant to LCIA arbitration.
Following unforeseen events that impacted the project, a dispute arose regarding consideration owed under a Sale and Purchase Agreement, which was subject to complex financial conditions. This triggered a related dispute regarding a pledge agreement, as well as a dispute with a third party.
Following Aceris Law’s intervention, the disputes were successfully resolved, entirely in line with our client’s interests, cost-effectively, and without interruption in project development.
William Kirtley and Anastasia Tzevelekou were the primary lawyers of Aceris Law involved in the matter, although the other members of Aceris Law’s team also assisted.
Aceris Law frequently serves as counsel in disputes related to project finance agreements. Such disputes often arise over the interpretation of contractual terms, payment issues and changes in circumstances, such as political instability or unforeseen events like natural disasters. Disputes also arise with respect to changes in the legal framework for projects, as well as failures to meet milestones or quality standards. Disputes over financing terms, joint venture disagreements, and issues related to the environmental or social impact of a project also commonly arise.
While the best manner to avoid such disputes is to draft watertight project finance agreements with detailed provisions and a clear risk allocation, as well as detailed financial covenants and appropriate security structuring, Aceris Law is always pleased to assist clients in resolving the most complex disputes that arise.
Aceris Law is an award-winning boutique international arbitration law firm known for its loyalty to its clients, excellent work, outstanding results, and reasonable legal fees. Aceris Law provides arbitration legal representation throughout the world. While its team is always accessible via videoconference for urgent matters, it can also meet clients at one of its offices or directly at its clients’ headquarters.
