Merchant International Co Ltd vs. National JSC Naftogaz of Ukraine: A Tale of Two Cities
Richard Perkoff
In April 2006 the Kiev Commercial Court gave judgment in favour of Merchant International (MIC) against Naftogaz for over USD 29 million and costs. The Supreme Commercial Court of Ukraine reduced this amount on appeal. In September 2006 the Supreme Court of Ukraine refused to permit a Cassation appeal to review the SCCU’s judgment of 29 June 2006. It further ruled that its judgment was final and could not be appealed...
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