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22.05.2025
How to calculate damages under a trade contract?
When one defaults on a trade contract, the crucial question arises: how shall an innocent party to the contract calculate the damages due to be reimbursed by the defaulter?
18.04.2024
Fortior Law's Ukrainian office is ranked in the Legal 500
Fortior Law's Ukrainian office is ranked in the Legal 500 for the third consecutive year
12.03.2024
The Polish-Ukrainian border and force majeure: what grain exporters need to know
Since autumn 2023, active protests of Polish farmers and hauliers have started at the border between Poland and Ukraine against temporary measures to liberalise trade and freight transport between the EU and Ukraine. Protesters periodically block truck traffic at checkpoints on the Polish-Ukrainian border. Force majeure and the doctrine of frustration may be potential defences for the seller. In this article, we look at the specifics of the legal instruments that need to be considered by sellers whose cargoes cross the Ukrainian-Polish border.
21.06.2022
Is it possible to recover legal costs in Gafta arbitrations?
A party should consider the recoverability of legal costs before commencing litigation or arbitration proceedings. While most arbitration institutions recognise that legal costs are generally recoverable from the losing party, this cannot be said about Gafta, where such costs are generally unrecoverable. However, this is not an absolute rule.
11.03.2022
Does the war in Ukraine constitute force majeure according to Gafta and FOSFA?
On 24 February 2022, Russia attacked Ukraine. In this article, we analyse whether the war constitutes a force majeure event as per Gafta and FOSFA contracts.
09.03.2022
March 2022 amendments to Gafta Arbitration Rules
Gafta has recently amended its arbitration rules (Gafta 125 and 126), which are applicable to contracts entered into on or after 1 March 2022.
11.01.2022
2022 changes to GAFTA Rules and Standard Contracts
GAFTA has updated its GAFTA Weighing Rules No. 123, Arbitration Rules 125 and standard contract pro formas. All changes came into force on 1 January 2022. In this update we explain what the changes are about.
17.08.2021
GAFTA Arbitration
In this article we will explain how Gafta arbitration works and how much it costs, and how to improve your chances of not only winning, but also recovering money from your debtor.
29.06.2021
Fortior sponsors the Trend&Hedge Club which celebrated its 5th anniversary
On 23 June 2021, Trend&Hedge Club celebrated its fifth anniversary. We are honored to be a general partner of this project.
23.06.2021
Gafta has withdrawn its Charter Party and Arbitration Rules No. 127
The Association informed its members of this decision on 21 June 2021.
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