The working week, as always, starts with positive news! The Black Sea Law Company recently participated in the preparation of a legal position to protect the interests of a foreign Shipowner regarding a maritime claim (an incident occurred in Ukraine). Our lawyers provided a complete analysis of the prospects for resolving the dispute in the LMAA with the Charterer.
Despite the fact that both parties had considerable claims against each other, through negotiations, proper preparation, and justification of the legal position, it was decided to sign a settlement agreement and resolve all disputes in a pre-trial (pre-arbitration) procedure. In this way, both Parties did not incur additional costs and, most importantly, did not waste extra time. Note, that Arbitration plays a key role as an alternative dispute resolution, and Black Sea Law Company lawyers have invaluable experience in resolving maritime disputes in arbitration.
