I. THE PARTIES

1. The Claimants are Bosh International, Inc (‘Bosh’) and B&P Ltd Foreign Investments Enterprise (‘B&P’). The first Claimant, Bosh, was incorporated under the laws of New Jersey, United States of America on 29 December 1992, and its registered address is 300 Glen Road, Woodcliff Lake, New Jersey. The second Claimant, B&P, was incorporated under the laws of Ukraine in May 1993. Bosh claims to hold a 94.5% shareholding in B&P.1 The founder and owner of Bosh is Mr Leonis Shapsis, who owns 100% of the shares in Bosh. Mr Shapsis became a permanent resident of the United States in 1989 and acquired United States citizenship in 1995.2