EQUITY successfully Protects Interests of Trade Commodity LLC

In 2016 EQUITY successfully protected interests of Trade Commodity LLC in the High Commercial Court of Ukraine in a high-profile dispute over the competitive bidding for supplies of fuel and lubricants for Ukrainian railway Ukrzaliznytsia PJSC in the amount of UAH 162 million.

Trade Commodity LLC won the tender, but performance of the agreement was prohibited by the ruling of Kyiv Commercial Court dated May 23, 2016, on provisional remedies in the appealing proceedings against the bidding results by another fuel wholesaler Miroil LLC. Such court ruling jeopardized regular railway transportation in the country as fuel reserves had been almost exhausted and new supplies were blocked by the court.

The High Commercial Court of Ukraine upheld the position of EQUITY lawyers concerning unlawfulness of the ruling on provisional remedies and the need to reverse it. Thus, the given decision enabled Ukrzaliznytsia PJSC to continue purchasing fuels and lubricants from Trade Commodity LLC that had won the competitive bidding.