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Recognition of the decision of the ICAC of Ukraine on the territory of Serbia
Misechko & Partners represented the Ukrainian private enterprise Santlend before the Commercial Court in Sremska Mitrovica, Serbia, in proceedings for the recognition and enforcement of an award of the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry (ICAC) against the Serbian company Tiki doo Stara Pazova.
In March 2024, the ICAC upheld Santlend’s claim against Tiki doo Stara Pazova and awarded EUR 310,000, an advance payment for goods that were never delivered.
Ukraine and Serbia are both parties to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958). The award could therefore be recognised and enforced in Serbia upon application by the creditor to the court at the debtor’s location.
The Commercial Court in Sremska Mitrovica granted Santlend’s application and recognised the ICAC award ordering Tiki doo Stara Pazova to pay EUR 310,000 as enforceable in Serbia.
The matter was handled by Volodymyr Misechko in cooperation with Tatjana Radivojević of Radivojević Law Firm (Serbia).