- Arbitral Award
- International Arbitration Court of the Chamber of Commerce and Industry of the Russian Federation
SALES CONTRACT - BETWEEN A CYPRIOT COMPANY AND AN UZBEK COMPANY - UNIDROIT PRINCIPLES CHOSEN BY PARTIES AS LAW APPLICABLE TO SUBSTANCE OF DISPUTE - APPLICATION OF ARTICLES 7.2.1. AND 7.4.1. OF THE UNIDROIT PRINCIPLES.
Claimant, a Cypriot company, entered into a sales contract with a company from Uzbekistan. When a dispute arose the Parties decided to choose the UNIDROIT Principles of International Commercial Contracts as the applicable law to the substance of their dispute. The Arbitral Tribunal applied Article 7.2.1. and 7.4.1. of the UNIDROIT Principles.