The International Commercial Arbitration Court and the Maritime Arbitration Commission at the Ukrainian Chamber of Commerce and Industry held the General Meeting of Arbitrators

On 14 December 2017 the International Commercial Arbitration Court and the Maritime Arbitration Commission at the Ukrainian Chamber of Commerce and Industry held the General Meeting of Arbitrators in which 47 arbitrators from Kyiv, Odesa, Khmelnytskyi and Baku (Azerbaijan) took part.

Gennadiy CHYZHYKOV, President of the Ukrainian Chamber of Commerce and Industry, in his welcoming address, congratulated the arbitrators of the ICAC at the Ukrainian CCI on the 25th anniversary of the institution’s activities, emphasized the importance of the ICAC and the MAC for Ukrainian business and noted the necessity to continue work on their promotion both in Ukraine and abroad. Gennadiy CHYZHYKOV noted that the Ukrainian CCI has always provided and will provide the necessary assistance to these arbitration institutions.

Mykola SELIVON, President of the ICAC and the MAC at the Ukrainian CCI, informed of the current results of the activities of the arbitration institutions, outlined the directions for the further work of the arbitrators and the Secretariat in the context of the judicial reform carried out, updates of the procedural legislation and current challenges.

The arbitrators also discussed practical issues related to the entry into force on 1 January 2018 of the new ICAC and MAC Rules and the arbitration procedure in accordance with the requirements of the Rules. Based on the results of the practice analysis of the ICAC at the Ukrainian CCI for 2007-2017, Tetiana ZAKHARCHENKO, Vice President of the ICAC at the Ukrainian CCI, made a presentation on the topic: “Application of the UN Convention on Contracts for the International Sale of Goods (Vienna, 1980) in the ICAC Practice” and Petro KRUPKO, a member of the MAC Presidium and the ICAC arbitrator, made a presentation on “Practice of application of Article 625 of the Civil Code of Ukraine by the ICAC at the Ukrainian CCI when considering cases of return of prepayment.”

Arbitrators of the ICAC and the MAC at the Ukrainian CCI positively evaluated the results of the activities of arbitration institutions in the anniversary year and the work on promotion of the ICAC at the Ukrainian CCI. As a result of the discussion, in 2018 it was decided:

to start cooperation with the Export Promotion Office, an advisory body under the Ministry of Economic Development and Trade of Ukraine;
to conduct a series of presentations for the business: “A look at international commercial arbitration – the new ICAC Rules and related judicial procedures” in major cities with the involvement of regional CCIs and local law firms;
to intensify the work on international cooperation both with foreign arbitration institutions and with business associations;
to take integrated measures aimed at ensuring the effective functioning of the MAC at the Ukrainian CCI, in particular, to join the expert discussion of the draft Law of Ukraine “On Inland Water Transport”.