Request a call back

Contact us

Successful Recovery of Losses from a State Customer

17 August 2016
VEDA has managed to collect losses caused by wrongful acts committed by a research division of the Russian Ministry of Internal Affairs under a state contract.

We have won a convincing victory in courts of all instances in a dispute with a power-wielding agency over unjust enrichment for the benefit of our client, a Moscow research and production enterprise. During the proceedings, it was found out that the state customer had raised wilful and unreasonable claims under a bank guarantee and that its performance had resulted in the guarantor causing a significant material damage to our client by enforcing recovery on its bank account.

Through the efforts of our team, we were able to gather evidence showing that the state customer’s behaviour was illegal and convince the court to collect from the defendant the total amount paid by the bank under the bank guarantee.

Legal information