On 28 September 2017 the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry gathered judges, lawyers and counsels for the business-brunch “International Commercial Arbitration – An Alternative to State Courts?”
In reply to the high interest of the participants of the Judicial Forum of the Ukrainian Bar Association (UBA) in the topic of dispute resolution in international arbitration, the International Commercial Arbitration Court at the Ukrainian CCI (ICAC) invited judges, lawyers and counsels to discuss practical issues of cooperation between international arbitration and state courts in Ukraine.
More than 30 participants had the opportunity to ask questions and discuss issues within the framework of the event with Mykola SELIVON, ICAC President, Pavlo BYELOUSOV, member of the UBA Committee on Alternative Dispute Resolution and partner at AEQUO law firm, and Juliya ATAMANOVA, ICAC arbitrator and advisor to the LCF law firm.
Pavlo BYELOUSOV opened the event with a brief overview of the practical differences in the resolution of disputes in international arbitration in comparison with judicial methods of dispute resolution. Mykola SELIVON and Juliya ATAMANOVA analyzed in detail the key novelties of the new ICAC Rules, in particular:
- adoption of interim measures in relation to the submitted claim;
- the introduction of expedited arbitral proceedings; and
- extension of the standard of the process of proof with the involvement of the relevant competent court.
“It is symbolic that our business-brunch took place on the eve of announcing the results of the contest in the Supreme Court of Ukraine. Reform in the judicial system is one of the main prerequisites for increasing the investment attractiveness of Ukraine. A declared at the state level Ukraine’s pro-arbitration policy on the development of alternative dispute resolution methods and systematically regulated procedure in the procedural legislation for the implementation by courts of the functions of assistance and control in relation to international arbitration and arbitration courts is an absolutely positive sign for both Ukrainian and international business,” Mykola SELIVON commented.
See also: http://uba.ua/eng/news/5193/
- ICAC is the flagship among arbitration institutions in Eastern Europe and is the world-recognized arbitration institution.
- ICAC accepts for consideration 300-600 cases annually. During the last 5 years, 2905 cases have been accepted for consideration of the ICAC.
- Representatives on the average from 50-55 countries of the world are parties to cases.
- ICAC cooperates with arbitration institutions of 18 countries and is a member of authoritative relevant associations, in particular ICC Central and Eastern European Institutional Arbitration Group, the International Federation of Commercial Arbitration Institutions (IFCAI), the Advisory Board of Council of Heads of CCI of CIS Member States in the field of international commercial arbitration. ICAC is included into the list of organizations which are invited to the sessions held by UNCITRAL and may present their views on matters considered by the United Nations Commission on International Trade Law.