The leading arbitration conference in Austria (the Austrian Conference for Arbitration Practitioners, Vienna, Austria, 4-5 March 2011) is being supported by the leading arbitration institutions and associations. It offers the opportunity to meet arbitration practitioners from all over the world, with a focus on the Central and Eastern European arbitration world.
This year’s topics are:
- Arbitration goes Brussels (the intended modifications to the Brussels I directive, critique and practical consequences; other interfaces of community law and arbitration);
- Witness and expert evidence in arbitration: Efficiency vs. ethics, clash of different ethics, impact of professional rules and disciplinary bodies;
- Arbitration rules on the move (ICC-Rules, UNCITRAL Rules and others);
Keynote address: Recent trends in arbitration in the CEE-region.
On February 7-13, 2011 UNCITRAL holds the 54th session of its Working group on arbitration. During the session important issues of settlement of disputes between investors and states have to be discussed. The Secretariat of the UNCITRAL invited Ukrainian delegation to take part in the session. The delegation is composed of representatives of the Ministries of justice, economy and foreign affairs.
Securities industry arbitration is rather young ADR instrument in Ukraine. Though the security industry is one of the spheres that particularly needs its own mechanism of resolution of specific disputes, arbitration in this market is still at the beginning of its development process. Apart from arbitration courts established by several banking associations there are specialized securities market arbitration courts created by self-regulatory organizations and business associations. Since there are no unified practice or resolving particular legal problems, participation of the specialist from the industry as arbitrators is usually highly recommended. The main reason of the involvement of industry arbitrators is that they know the rules and customs of the industry.
On February 3 2011 the Verkhovna Rada of Ukraine passed the Law amending the Law “On Arbitration Courts” which excludes the consumers’ disputes (including those related to consumers of services of banks and credit unions) out of the competence of arbitration courts. In our previous articles we commented that initiative and discussed the main “pro” and “cons” of arbitration in consumer cases.
Posted by International Arbitration Team