Arzinger successfuly advised one of the globally leading supplier of plants and services for hydropower stations on cancellation of special sanctions
Due to Arzinger Odessa branch office team professional skills, special sanctions applied by the Ministry of Economic Development and trade of Ukraine to one of the globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors, were cancelled.
The sanctions were applied to the client in 2014 on grounds of the fact that in 2011 the client had business relations with Ukrainian contractor, who, in turn, failed to comply with the provisions of Law of Ukraine “On the order of making payment in foreign currency” concerning conducting import transactions.
The extraordinary complexity of the case was that according to valid legislation the documents confirming the remedy of defaults have to be provided, however, the relations with the contractor had place 5 years ago, actually, the business activity is not conducted, any connection with its absent.
Through long and difficult negotiations with the representatives of Ministry of Economic Development and trade of Ukraine, in-depth study and search of documents, which became finding for adopting the decision, the sanctions were cancelled only in few weeks after client’s application to Arzinger.
Therefore, Arzinger lawyers once again confirmed their professionally in international law and the ability to work and tackle problems with state authorities .
The project was led by Andriy Selyutin, Partner, Head of south-ukrainian branch, Maksym Medvid, Associate, Attorney-in-law and Junior associates Alina Labunska and Kateryna Shapran.