Ural Instrument Making Plant that has a clash with the Italian company Esaote S.p.A. refuses to accept the verdict pronounced by Stockholm Trade Chamber’s arbitration authority. So Esaote S.p.A. placed its claim with Sverdlovsk Region Arbitration Court, asking for the Stockholm ruling regarding case 046/2011 dated September 30, 2011 to be confirmed and enforced. Esaote S.p.A. wants to be paid the money and the interest it is owed.

Ural Instrument Making Plant, however, feels that the arbitration agreement the two parties signed within two contracts captured in 2008 should not be seen as an agreement to have the case considered by Stockholm Trade Chamber’s arbitration authority. The two parties decided then that it would be Stockholm International Commercial Arbitration Court that will process their case, so the exact name of the court and its location had been indicated.

The plant claimed it felt the case was out of Stockholm Trade Chamber’s jurisdiction. It also said that if there is no judicial body called Stockholm International Commercial Arbitration Court in Stockholm, the arbitration agreement was altogether invalid.

Back in 2003, Esaote S.p.A. and Ural Instrument Making Plant signed a cooperation agreement that set off the USR apparatuses production in Yekaterinburg.