Lavrynovych & Partners defended Trade Board
Lavrynovych & Partners persuaded the Kiev Commercial Court that the contract between the Kiev City State Administration and the firm client Trade Board company was valid and should be upheld. The Kiev Prosecutor General’s Office was attempting to invalidate a 2011 agreement between Trade Board and the KCSA under which the former would implement measures to improve pedestrian subways in Kiev. Acting in reliance on the contractTrade Board has already invested about USD 7 million in the project, and the final cost is expected to be over USD 11 million.
In consequence of a more than five-month dispute trial, a panel of judges of the local commercial court agreed with the legal opinion of the firm's lawyers [as to the] baselessness of requirements of the prosecution and completely refused to meet [its] claims. The result of the firm’s successful work was the protection of Trade Board’s multimillion-dollar investments and the possibility of further fulfillment of contractual obligations to the Kiev local community. The firm’s team was led by partner Stanislav Skrypnyck and senior associate Arthur Kiyan.
The publication was reprinted with the permission of CEELM. For original publication, please follow:http://ceelegalmatters.com/index.php/over-the-wire/legal-ticker-deals-and-cases-in-cee/item/2308-lavrynovych-partners-successfully-defends-trade-board-on-continued-government-contract