The ICAC Rules secure the balance between party autonomy and an efficient arbitration consideration. The Provisions of the ICAC’s Rules are aimed at guaranteeing a faster, more cost efficient and comfortable arbitral proceedings. The procedures are simple to the extent that the parties are able to resolve their disputes without engaging an external legal counsel, which allows significant cost savings.
On 1 January 2018 the ICAC Rules were approved by the decision of the Presidium of the Chamber of Commerce and Industry of Ukraine No. 25 (6) as of 27 July 2017. According to the provisions of Article 72 of the Rules, the Rules are to be applicable to cases accepted for consideration by the ICAC since 1 January 2018.
On 17 September 2020 the Presidium of the Chamber of Commerce and Industry of Ukraine approved AMENDMENTS to the ICAC Rules, that came into force on 1 November 2020 and were to be applied to cases accepted for consideration by the ICAC since 1 November 2020, as well as, in the absence of objections from the parties, to all arbitral proceedings of the ICAC as of 1 November 2020.
On 1 July 2022, responding to the introduction of the martial law in Ukraine and acute need to enhance the efficiency of the ICAC’s procedures, the Presidium of the Chamber of Commerce and Industry of Ukraine approved the AMENDMENTS to the ICAC Rules, coming into force on 1 July 2022, applicable to cases accepted for consideration by the ICAC since 1 July 2022, as well as, in the absence of objections from the parties, to all arbitral proceedings of the ICAC as of 1 July 2022.
On 22 December 2022 the Presidium of the Chamber of Commerce and Industry of Ukraine, in accordance with Article 72 of the ICAC Rules, approved the AMENDMENTS to the ICAC Rules, than ensure the implementation of combined procedures “Arbitration-Mediation-Arbitration” and “Mediation-Arbitration”. The said Amendments to the Rules of the ICAC shall enter into force on 01 January 2023 and shall be applied to cases that will be accepted for consideration by the ICAC since 01 January 2023, as well as, in the absence of objections of the parties, to all arbitral proceedings of the ICAC as of 01 January 2023.
At its meeting on 12 July 2024, the Presidium of the ICAC at the Ukrainian CCI approved AMENDMENTS to the ICAC Rules regarding the peculiarities of accepting for consideration claims containing demands arising from two or more contracts. These amendments came into force on 15 July 2024.