Recovered for our client debt of USD 350,000 under a supply agreement
The debt that totalled USD 350,000, which took the form of an unearned advance payment plus interest. The dispute was considered in the International Commercial Arbitration Court at the Russian Federation Chamber of Commerce and Industry and involved the application of the provisions of the 1980 Vienna Convention on Contracts for International Sale of Goods. The project is interesting from the standpoint of the ICCA’s practice being formed and from the standpoint of the arbitrators assessing evidence provided in the form of e-mail correspondence with attachments.
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