at Russian
Institute
of Modern
Arbitration
at Russian
Institute
of Modern
Arbitration
The Claimant appealed to the RAC with a claim for the recovery of debts and penalties under the subcontract agreement. During the proceedings, the Respondent disagreed with the claims and filed a counterclaim for penalties and damages for correcting defects in the works. The parties requested from the Arbitral Tribunal an additional period of time to discuss the possibility of concluding a settlement agreement. The Arbitral Tribunal took the arbitration decision on agreed terms.
13.11.2020
