On 10 June 1992 – exactly 30 years ago – the Presidium of the Ukrainian Chamber of Commerce and Industry established the International Commercial Arbitration Court (the ICAC) and approved of its Rules. From that very day until now, the ICAC is committed to improving and enhancing the efficiency of the administration of arbitration proceedings in line with the best international standards of dispute resolution.
The extended meeting of the Presidium of the ICAC was attended by representatives of the legislative, judicial and executive branches of power, arbitrators, honourable guests and true friends of the ICAC.
On June 3, 2022 the Ukrainian Chamber of Commerce and Industry and the International Commercial Arbitration Court at the Chamber of Commerce and Industry of Ukraine (the ICAC) had the great pleasure to welcome the Secretary General of the International Chamber of Commerce (ICC) John Denton and the Head of Global Engagement at International Chamber of Commerce Damien Bruckard to Ukraine.
During the meeting, Mr. Denton, on behalf of the ICC and the business community of the democratic world, expressed his full support for Ukraine and its people in their heroic resistance to the Russian invasion.
The President of the Chamber of Commerce and Industry of Ukraine Gennadiy Chyzhykov and the President of the ICAC Mykola Selivon discussed the strengthening of cooperation with the ICC, including immediate actions for the implementation of the 5 steps for the urgent renewal of Ukrainian business, which were developed by the ICC with the direct participation of Mr. Denton.
The Secretary General of the ICC noted that the ICAC has implicitly granted the institution’s ability to administer the uninterrupted arbitral proceedings under martial law. In particular, Mr. Denton said that the ICAC, working with all staff from its office in Kyiv, as well as all Ukrainian people, demonstrates the courage, dedication, and professionalism that plagues the entire civilized world today.
On 18 February 2022, the International Commercial Arbitration Court (the ICAC) and the Maritime Arbitration Commission (the UMAC) at the Ukrainian Chamber of Commerce and Industry of Ukraine held the General Meeting of Arbitrators both online and off-line, attended by over 50 arbitrators from Ukraine, Poland, Latvia, Estonia, Belarus, Canada, Great Britain, Germany, the Netherlands, and China.
On 17 September 2020 on the request of the Presidiums of the ICAC and the UMAC at the UCCI, the Presidium of the UCCI approved the amendments to the Rules of the ICAC and the UMAC, coming into force on 1 November 2020. The Rules will be applied to resolving commercial disputes registered at the ICAC and the UMAC after 1 November, 2020, and, upon the mutual consent of the parties, to all disputes being considered by the institutions before 1 November, 2020.
The International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry (ICAC) has successfully launched a new international project — Inside Arbitration — a series of expert talks about arbitration.
Inside Arbitration is an open format of online dialogues, where the chairman and employees of ICAC can be a presenter, and among guests can be professional lawyers, arbitrators, judges, representatives of business communities and users of ICAC services from different countries.
The International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry (ICAC) appreciates the opinion and feedback of the professional community regarding the work of the court.
We present a series of videos with leading Ukrainian arbitration lawyers sharing their experience of representing clients in the ICAC and other arbitration institutions of the world, strategies for choosing an arbitration institution and arbitrators.
The speakers also explained common and different things in the work of the ICAC and other arbitration institutions, how convenient and effective is the administration of cases in the ICAC.