Debt recovery from a Cypriot company in international arbitration

REVERA’s lawyers recovered a debt under a marketing services agreement from a company registered in Cyprus in favor of a Belarusian client.
The dispute was heard by the International Commercial Arbitration Court (ICAC) at the Ukrainian Chamber of Commerce and Industry (UCCI).

A key challenge of the case was proving the scope of services rendered in the absence of traditional signed service acceptance acts. The REVERA team demonstrated that the acts sent via messenger and not contested by the respondent constituted acceptance of the services provided. In addition, reports prepared by the respondent itself confirmed the actual performance of the contractual obligations.

The arbitral tribunal upheld the client’s claims, recovering the principal debt, part of the penalty, and arbitration costs. The award was rendered in less than seven months from the date of filing, with the total amount recovered reaching approximately EUR 50,000.