International arbitration News, analytics and practice

1Feb/10Off

New category!

Ukraine - arbitration-friendly jurisdiction

There are countries whose legal system is very friendly to arbitration. Though Ukraine is a party to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards  1958 for a long time, we may find the statements of reputable lawyers that Ukrainian court system is not friendly to arbitration.

There are no grounded arguments against the Ukrainian arbitration legislation. Ukraine is a UNCITRAL Model Law country and a member of all major international arbitration treaties. Its International Arbitration Law was drafted based on the UNCITRAL Model Law. The main issue which created Ukraine the reputation of a country unfriendly to arbitration is the disputable practice of recognition and enforcement of arbitration awards by Ukrainian courts.

Herewith we start the discussion whether Ukrainian court system is friendly to arbitration. However, we will share the information concerning the court “attitude” to a particular arbitration institution (LCIA, SCC, ICC, etc.) so that you can have the full picture on what arbitration forums are “in respect” of Ukrainian courts. We will provide you with the details of the descision so that you can apply the court practice properly.

(c) by International arbitration blog