BETA версия

12.12
2018
TEFFI Law Firm’s team has successfully defended the position of the Client – one of the major importers of industrial and polymer chemistry Back

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TEFFI Law Firm’s team has successfully defended the position of the Client – one of the major importers of industrial and polymer chemistry – regarding the lack of grounds for the Ministry of Economic Development and Trade of Ukraine to apply special sanctions envisaged by the Law of Ukraine “On foreign economic activity”.

In particular, the essence of the problem was that the Client, having become a victim of fraudulent activities on the part of a non-resident counterparty, was unable to complete foreign exchange operations within the time frames stipulated by the Law of Ukraine “On the procedure of making payments in foreign currency.”

Our lawyers prepared a reasoned response to the request of the Ministry of Economic Development on the likelihood of using special sanctions, based on which it was decided that there were no grounds present for applying special sanctions against the Client.