Caspian Hydrotechnical Company OOO
Our projects
- Protected assets:
- 420 000 000
We also obtained a substantial reduction in the liquidated damages that were recovered in favor of one of the plaintiffs.In an unfavorable outcome, the client would have become insolvent. The consequence of the insolvency of a particular company would have been a temporary inability to conduct maritime operations in the Caspian Sea.
Core of the Case
The charterer was sued by two foreign companies to recover the cost of the freight. The goal was to prevent double recovery, as well as to reduce the penalty as excessive. In three of the four freight and penalty cases, there were two plaintiffs and third parties making separate claims. The claims were mutually exclusive, since each of the plaintiffs demanded money for the same vessel, for the same period.
Scope of Services
Successfully represented a charterer company in four related cases in the Arbitration Court of the Astrakhan Region.
Achievements, Results, Importance, Significance of the Project
The result of our work was the prevention of double recovery (708,750 US dollars, 2,565,000 US dollars, 2,310,000 US dollars could be additionally recovered). We also achieved a significant reduction in the penalty that was collected in favor of one of the plaintiffs. In an unfavorable outcome, the client would become insolvent. The consequence of the insolvency of a particular company would be the temporary inability to carry out maritime operations in the Caspian Sea.
Case File
А06-7789/2017
А06-7819/2017
А06-7820/2017
А06-7788/2017
