A Swiss arbitration tribunal has ruled in favor of Ukraine’s Ministry of Defence, requiring a U.S. company to refund more than $18 million after failing to fulfill its contractual obligations for artillery ammunition supplies, according to official reports. The contract, signed early in the context of regional security dynamics, involved an advance payment to the supplier for deliveries that were significantly delayed and incomplete. The tribunal concluded that the company did not meet the terms
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A Swiss arbitration tribunal has ruled in favor of Ukraine’s Ministry of Defence, requiring a U.S. company to refund more than $18 million after failing to fulfill its contractual obligations
Defense Media. Golden Braid Productions · Before The Battle. A Swiss arbitration tribunal has ruled in favor of Ukraine’s Ministry of Defence, requiring a U.S. company to refund more than $18 million after failing to fulfill its contractual obligations for artillery ammunition supplies, according to official reports. The contract, signed ...
110.1K views1 week ago
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