Arbitral Digest

Matter

International Transit SAL (Offshore) v Public Joint-Stock Company Dneprovsky Iron & Steel Integrated Works and Corporation Industrial Union of Donbass (Cyprus District Court Application 461/18)

Seat
Sweden
  1. 19 September 2018Sweden

    19 September 2018Sweden

    Final SCC Arbitral Award dated 19 September 2018, as corrected on 8 November 2018

    SCC Arbitration Institute

    Decision summary
    The arbitral tribunal issued a final award in favour of International Transit SAL (Offshore) against Public Joint-Stock Company Dneprovsky Iron & Steel Integrated Works and Corporation Industrial Union of Donbass.

    Supporting details

    6 participants
    International Transit SAL (Offshore)
    Public Joint-Stock Company Dneprovsky Iron & Steel Integrated Works
    Corporation Industrial Union of Donbass
    SCC Arbitration Institute
    Arbitrator
    Kalnina
    Arbitrator
    GH Neelson

    1 month and 20 days later · 50 days

  2. 8 November 2018Sweden

    8 November 2018Sweden

    Correction decision dated 8 November 2018 in the SCC arbitration

    SCC Arbitration Institute

    Decision summary
    The arbitral award was corrected and the corrected decision was treated as final and binding.

    Supporting details

    SCC Arbitration Institute

    2 years, 7 months and 28 days later · 971 days

  3. 6 July 2021Cyprus

    6 July 2021Cyprus

    Decision of the District Court of Nicosia in Application 461/18 dated 6 July 2021

    District Court of Nicosia

    Case no.
    461/18
    Decision summary
    The court granted International Transit SAL (Offshore)'s application against Corporation Industrial Union of Donbass for recognition, registration and enforcement in Cyprus of the SCC arbitral award dated 19 September 2018 as corrected on 8 November 2018. It found the statutory and New York Convention requirements satisfied, ordered enforcement against the second respondent, awarded costs against that respondent, and left the interim orders against it in force.

    Supporting details

    18 authorities · 8 participants
    International Transit SAL (Offshore)
    Representative
    N. Petridou (For: International Transit SAL (Offshore))
    Representative
    K. Chrysostomides & Co LLC (For: International Transit SAL (Offshore))
    Representative
    Marie Thomas (For: International Transit SAL (Offshore))
    Public Joint-Stock Company Dneprovsky Iron & Steel Integrated Works
    Corporation Industrial Union of Donbass
    Steelhold Limited
    District Court of Nicosia

    Authorities cited

    18
    • Cyprus International Commercial Arbitration Law 1987, Law 101/87 (Law 101/87)
      statute
    • Cyprus New York Convention Ratification Law 1979, Law 84/79 (Law 84/79)
      statute
    • Cyprus Foreign Court Judgments Law 2000 (Law 121/2000)
      statute
    • Cyprus Courts Law 1960 (Law 14/1960)
      statute
    • Hague Convention of 1961 on the abolition of the requirement of legalisation for foreign public documents (Law 50/72)
      statute
    • Cyprus Sworn Translators Law 2019 (Law N45(I)/19)
      statute
    • Cyprus Civil Procedure Rules (Rules D.9, D.39, D.48 rr.1-9, D.55, D.59 and D.64)
      procedural rules
    • New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (New York Convention 1958)
      treaty
    • Beogradska Bank D.D. ((1995) 1 A.A.D. 737)
      case-law
    • Bristol Business Corporation v Besuno Limited ((2011) 1(B) A.A.D. 934)
      case-law
    • A. Groutas Co. Ltd v Peppelasi ((1998) 1(C) A.A.D. 1675)
      case-law
    • Nimegran Trading Ltd v Wigram Inc ((2009) 1(B) A.A.D. 825)
      case-law
    • Intersputnik International Organisation of Space Communications v Alrena Investments Ltd (ECLI:CY:AD:2017:A122; Civil Appeal 298/2013)
      case-law
    • Rainstorm Pictures Inc v Lombard-Knight (CA) ((2014) Bus L.R. 1196)
      case-law
    • Enforcement of International Arbitration Awards, Pretra & Platte (Enforcement of International Arbitration Awards, p. 126)
      academic
    • The Law and Practice of Commercial Arbitration in England, M. J. Mustill and S. C. Boyd (2nd edition, p. 425)
      academic
    • New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, Wolff (p. 210)
      academic
    • Recognition and Enforcement of Foreign Arbitral Awards: A Global Commentary on the New York Convention, 2010, Kronke (p. 178)
      academic

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International Transit SAL (Offshore) v Public Joint-Stock Company Dneprovsky Iron & Steel Integrated Works and Corporation Industrial Union of Donbass (Cyprus District Court Application 461/18) · Matter