Transport, Shipping, Trade Web Course. Season 2: “ICAC isn’t so terrible… practice and features of dispute resolution procedure”

10/ 09/ 2020

On September 10, 2020 the 9th final video-lesson of the Transport, Shipping Trade Web Course in Season 2, organized by the EBA Southern Ukrainian Office in partnership with the International Legal Service Interlegal was held. Together with the speaker, we dealt with the application to the International Commercial Arbitration Court (ICAC). In particular, talked about the categories of disputes that are considered in the ICAC and how the cost of arbitration is calculated. Thus, in accordance with the competence, the following may be transferred to international commercial arbitration by agreement of the parties: disputes over contractual and other civil law relations arising from the implementation of foreign trade and other types of international economic relations, if a commercial enterprise of at least one of the parties is abroad; disputes between enterprises with foreign investments and international associations and organizations established on the territory of Ukraine, among themselves, disputes between their participants, as well as their disputes with other subjects of law of Ukraine. Moreover, among the obvious advantages of arbitration: the possibility of agreement by the parties, neutrality, professionalism, speed, and in many cases cheap compared to the cost of national litigation. We hope that the Second Season of the Web Course has brought you new knowledge, and new discoveries with it! Thank you for your attention!

Together with the speaker, we dealt with the application to the International Commercial Arbitration Court (ICAC). In particular, talked about the categories of disputes that are considered in the ICAC and how the cost of arbitration is calculated. Thus, in accordance with the competence, the following may be transferred to international commercial arbitration by agreement of the parties:

disputes over contractual and other civil law relations arising from the implementation of foreign trade and other types of international economic relations, if a commercial enterprise of at least one of the parties is abroad;
disputes between enterprises with foreign investments and international associations and organizations established on the territory of Ukraine, among themselves, disputes between their participants, as well as their disputes with other subjects of law of Ukraine.

Moreover, among the obvious advantages of arbitration: the possibility of agreement by the parties, neutrality, professionalism, speed, and in many cases cheap compared to the cost of national litigation.

We hope that the Second Season of the Web Course has brought you new knowledge, and new discoveries with it! Thank you for your attention!