Kirilkin Radion

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Attorney. Specialist in commercial and labor law. Over 16 years of experience in legal support of businesses - debt recovery, contract enforcement, recovery of damages, commercial property and lease disputes.

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Case: Won international arbitration in international fraud case to recover $104,396

Commercial law
Reading time: 2 min.

Service: Submit to an international commercial arbitration court

A factory approached the Law Office “Prikhodko and Partners” with an extremely complex case. The Ukrainian company became a victim of an international fraudulent scheme using fake electronic communication. As a result of such deception, the attackers managed to seize funds in the amount of $98,000, which were transferred to the account of the Chinese company Henan Wadjay Machinery Co., Ltd.

What is the essence of the case regarding international fraud?

Our client agreed to purchase equipment with a long-standing trusted partner – Jiangsu Flying Dragon Food Machinery CO., Ltd. After returning from the international exhibition ISM-2024 in Cologne, the company’s representatives sent a draft contract to the partner’s official email addresses. However, further correspondence turned out to be intercepted by fraudsters who changed the contact addresses, replaced the supplier’s details in the contract, forged the signature and seal – and actually replaced the parties to the contract.

As a result, $98,000 went not to the equipment manufacturer, but to the fraudulent company Henan Wadjay Machinery Co., Ltd., which has no relation to Jiangsu Flying Dragon.

What did “Prikhodko and Partners” do?

  • Conducted a legal audit of all documents and correspondence;
  • Received confirmation from Jiangsu Flying Dragon that they had no connection with Henan Wadjay Machinery;
  • Collected evidence of fraudulent activity (correspondence, IP tracking via Canary Token, screenshots of calls, documents from the bank);
  • We prepared a full package of evidence for filing a claim with the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce;
  • We established communication with JPMorgan Bank regarding the blocking and return of funds.

Our Requirements to the court:

  1. Declare the 2024 Contract invalid.
  2. Recover $98,000 of unjustly received funds.
  3. Recover the costs of registration and arbitration fees.
  4. Recover the costs of legal assistance – $1,500.
  5. Establish the language of the proceedings – Ukrainian.
  6. Form a court of one arbitrator.

What result did we get?

In 2024, the court ruled to declare the contract concluded with Henan Wadjay Machinery Co., Ltd. invalid. After considering the case, it was established that the counterparty unjustly received a significant amount of funds, which led to further legal actions by our client.

As a result of the arbitration proceedings, the defendant was charged a total of $104,396, which includes:

  • $98,000 — unreasonably received funds;
  • $4,896 — arbitration fee;
  • $1,500 — legal expenses.

Photo confirmation of the work result

This decision was an important victory for our client and confirmed the effectiveness of legal support in international disputes.

Why is this case important?

This is a precedent case for international business: This is a landmark case for international legal practice: it clearly demonstrates that even with long-term business relationships with a proven partner, the risks of fraud remain relevant.

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Commercial law

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