The indebtedness in the amount of USD 5 mln originated as a result of breaching by the Ukrainian company of its obligations under the equipment supply contract.

Ilyashev & Partners Law Firm represented the interests of J.S. Corrugating Machinery Co., Ltd in Kyiv Court of Appeal. The legal support under the project was rendered by attorneys at law  Andrey Bychkov, Oleksandr Denysenko and lawyer Oleh Kulyk under the supervision of Senior Partner Roman Marchenko.

It should be reminded that this is the second arbitration award of CIETAC that Ilyashev & Partners has managed to have successfully recognized in Ukraine in favor of this client. In 2019, an arbitration award was issued in favor of a client in Shenzhen in connection with the indebtedness incurred by another Ukrainian company. The Supreme Court also upheld the Ruling of Kyiv Court of Appeal for the recognition and provision of the permission for the enforcement of the arbitral award in the said case.

J.S. Corrugating Machinery Co. Ltd is one of the largest China-based manufacturers of packaging machines. The company has 27 sales offices, 18 branches and 38 service stations worldwide, including its subsidiaries in Istanbul, Moscow, New Delhi and Ho Chi Minh City. The company’s products are ISO9001 and CE-certified (acronym for the French Conformité Européenne).