MATERUS secures favourable settlement in cross-border supply dispute

Our Dispute Resolution team helped MATERUS reach an out-of-court settlement in a supply dispute with a company based in the Kyrgyz Republic.

The dispute concerned a contract to supply certain document blanks. The parties disagreed over unpaid amounts, acceptance of goods and storage costs. The counterparty also raised claims about product quality and delivery obligations.

The matter spanned several countries: Singapore law governed the contract, the agreed seat of arbitration was Vilnius, the language of arbitration was English, and the goods were stored in Bulgaria.

Under the settlement, MATERUS keeps the advance payment and ownership of the remaining goods and is entitled to an additional payment. Once the settlement obligations are met, the supply arrangements will end, and both parties will give up their claims against each other.

The result shows what focused negotiations can achieve: protecting commercial interests and providing a clear path out of a cross-border dispute without contested proceedings.