Osborne Clarke Represents Grupa Azoty Polyolefins in EUR 3.5 Billion Arbitration Against Hyundai Engineering

"Osborne Clarke acted for Grupa Azoty Polyolefins in arbitration against Hyundai Engineering valued at about EUR 3.5 billion arising from the Polimery Police petrochemical project. The dispute over delays, cost increases and contract termination was resolved by an amicable settlement."

Osborne Clarke represented Grupa Azoty Polyolefins in arbitration proceedings against Hyundai Engineering. The proceedings, valued at approximately EUR 3.5 billion, arose from the implementation of the Polimery Police project, a major petrochemical investment in Central and Eastern Europe. The dispute involved mutual claims between the parties concerning project delays, cost increases and the termination of the contract. The parties reached a settlement and resolved the dispute amicably. Osborne Clarke represented Grupa Azoty Polyolefins with a team composed by: Partner Marcin Robenek, Counsel Sylwia Uzieblo-Kowalska, Senior Associate Bartlomiej Sadura and Associate Anna Domagala.

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Osborne Clarke Represents Grupa Azoty Polyolefins in EUR 3.5 Billion Arbitration Against Hyundai Engineering

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Osborne Clarke Represents Grupa Azoty Polyolefins in EUR 3.5 Billion Arbitration Against Hyundai Engineering

Read the full story

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