BCLP Russia successfully represent Samsung C&T Corporation for recovery of $1.8m in debt and damages
Bryan Cave Leighton Paisner (Russia) has successfully represented Samsung C&T Corporation in the client’s proceedings against REMZ (Rostovskiy ElectroMetallurgicheskiy Zavod) caused by the breach by the latter of a supply contract.
The court ordered REMZ to pay $1.05m of principal debt and $790k in damages. The decision of the court of first instance was appealed by REMZ, but the court of appeals reaffirmed it without modification.
Samsung C&T Corporation focuses on residential and industrial engineering and construction, and the import and export of petrochemicals, coal and steel.
The team of lawyers who representing Samsung C&T Corporation was led by Dispute Resolution Partner Ivan Veselov and included Partner Sergey Milanov, Head of Asia Practice, and Dispute Resolution associates Dmitry Mileshin, Pavel Ryavkin