Arbitration clause

“Any dispute, controversy or claim arising out of or relating to this contract, including the conclusion, interpretation, execution, breach, termination or invalidity thereof, shall be settled by the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry in accordance with its Rules.”

The parties may also indicate the substantive law to govern their contract, to determine the number of arbitrators (one or three), the venue and language of the arbitral proceedings. The parties to a contract may wish to consider
adding:

“This contract shall be regulated by the substantive law of
_________.”
/ country /

“The number of arbitrators shall be
_____________.”
/ one or three /

“The place of arbitration shall be
______.”
/ city /

“The language(s) to be used in the arbitral proceedings shall be
_________________________.”
/ Ukrainian, Russian or other /

The ICAC Recommended Arbitration Clause

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International Commercial Arbitration Court
at the Ukrainian Chamber of Commerce and Industry

33 Velyka Zhytomyrska Street
Kyiv 01601, Ukraine
+380 44 586-51-87
+380 67 239-56-77
+380 50 352-36-96
icac@icac.org.ua

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