Dispute on compensation for damages

Vasil Kisil & Partners have been instructed by Central European Media Enterprises (CME), a NASDAQ-listed media company (http://www.cetv-net.com) with television assets in Central and Eastern Europe, to represent its former Ukrainian subsidiary Studio 1+1, one of the leading Ukrainian nation-wide TV broadcasters, at Ukrainian courts in a case brought by Prioritet, a Ukrainian subsidiary of Video International, a major Russia-based advertising company.

Piroritet claimed from Studio 1+1 USD 25 million in damages for allegedly unlawful termination of an exclusive advertisement placement contract. The case was considered by Ukrainian courts of various instances up to Superior Commercial Court (cassation instance).

This case followed 58-million LCIA arbitration between CME and Video International, in which Vasil Kisil acted as advisor on Ukrainian law for CME.