DEVOSO wins a dispute for a client at the Netherlands Arbitration Institute (NAI, Rotterdam). Our client’s counterparty returned everything it had withheld, paid damages for breach of contract and covered the client’s legal costs.
Our client had paid for an import contract in full, but the goods never reached Ukraine. The seller refunded only part of the prepayment and kept the rest, treating it as “damages” under the contract terms. Acting on the client’s behalf, DEVOSO brought the case before the Netherlands Arbitration Institute (NAI, Rotterdam).
Filing the request with the NAI suspended the currency control deadlines, so the client was protected from penalties throughout the dispute.
During the proceedings, the counterparty agreed to a settlement and paid everything: the withheld amount, damages, and the client’s legal and arbitration costs.
The case was handled by DEVOSO’s Managing Partner, attorney-at-law Svitlana Hickey.
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