International Commercial Arbitration Court at the Ukrainian CCI (the ICAC) is a flagship institution among the arbitration institutions in Central and Eastern Europe and a recognized arbitration institution worldwide.
Launched in 1992, the ICAC has offered best international standards in arbitrating disputes in Ukraine for over 32 yerars.
The ICAC transforms arbitrating disputes into a comfortable, efficient, fast and transparent process.
Five reasons to choose the ICAC
- 1. Experience
The ICAC is one of the most experienced arbitration institutions in the Eastern European region
- The ICAC arbitrators are the leading lawyers from 38 countries, recommended in arbitration by the international legal directories Chambers & Partners and Legal 500 and are able to professionally consider disputes of any complexity.
- The ICAC considers cases under foreign economic contracts. The ICAC registers on average from 300 to 600 cases annually.
- The ICAC enjoys undisputable trust of users – 88% of ICAC service users report to be satisfied with the quality of the ICAC services, according to the findings of “Arbitration Quality in Ukraine Survey 2022” by Yurydychna Praktytka. International professional media Global Arbitration Review included the ICAC in the White list of arbitration institutions worthy of attention.
- 2. Fees
The transparent and predictable cost of arbitration and the duration of considering cases
- The cost of ICAC arbitration is on average 3-4 times more competitive than in arbitration institutions in Central and Western Europe.
- No additional charges needed in case of filling a petition for interim measures.
- Halls for oral hearings, audio and video equipment and other office services are provided free of charge.
- 3. Efficiency
The ICAC provides quick and efficient arbitral proceedings
- The duration of consideration of approximately 95% of the cases is less than half a year. The duration of consideration of 80% of the cases is no longer than 3 months, approximately 1% of the cases are considered for more than 12 months.
- On average only 2.5% of the ICAC arbitral awards are challenged, and only 1% of arbitral awards are set aside.
- The ICAC arbitral awards are enforced across 172 countries.
- The ICAC demonstrates unprecedented institutional resilience to the most complex external challenges, smoothly conducting the consideration of cases during the COVID-19 pandemic in 2020-2021, as well as resuming full work already three weeks after the start of a full-scale military invasion of russia on 24 February 2022.
- 4. Meeting the needs of the parties
The ICAC arbitral procedures meet the needs of the parties
- An efficient and clear procedure allows the parties to participate in arbitration with no involvement of external lawyers.
- High level of support provided to the parties and arbitrators by the ICAC Secretariat.
- Attorney monopoly does not apply to representing business interests in ІСАС.
- 5. Comfort
The ICAC offers the parties comfortable arbitration conditions
- The ICAC defined e-communication between the participants in the arbitral proceedings as the main means of communication and provided the parties with authorized access to the case materials in e-format. In 2023, the number of hearings conducted in video format increased by 5.5 times as compared to 2022.
- To conduct hearings in Kyiv, the ICAC provides comfortable meeting and conference rooms, audio and video equipment, office services, free of charge.