Samardzic in cooperation with Specht & Partner successfully represents Danos Ltd in 108k Damage Claim against a Rolling Stock Producer

27 May 2015: Samardzic in cooperation with Specht & Partner has successfully advised and represented Danos Ltd – a Serbian rolling-stock trading company with long-standing prominence in the railway sector – as plaintiff, in a dispute for breach of a joint-sale contract against a Serbian rolling stock producer. The Commercial Court in Pozarevac, Serbia, acting in first instance, has ordered the defendant, one of the leading rolling stock producers on the territory of former Yugoslavia and a member of a European rolling-stock producing group, to pay damages in the amount of EUR 108k, along with accrued interest.

The Court found that the rolling stock producer breached an exclusive joint sales contract by refusing to pay a contractual fee to Danos Ltd. in relation to a project worth EUR 3 m. The defendant has appealed the ruling.

This has been a second-in-a-row successful involvement of Samardzic in cooperation with Specht & Partner in a dispute with identical parties. In 2013 and 2014 we represented Pro Rail Ltd, a rolling design & engineering company belonging to the same owner as Danos Ltd, against the same defendant. As result, Pro Rail was awarded the damages it sought – slightly more than EUR 40k, and the judgment has, in the meantime, become final.

The firm’s team was lead by Milica Samardžić, junior partner, and included Dušan Rakitić, managing partner, in of counsel capacity.