A round table discussion entitled Extent of Court Intervention in
International Commercial Arbitration took place in the building of the Kyiv
Regional Centre of the Ukrainian National Academy of Law Sciences on 4
September 2014. The event was organized by the International Commercial Arbitration Court,
the Maritime Arbitration Commission at the Ukrainian Chamber of Commerce and
Industry, the Scientific-Research Institute of Private Law and Entrepreneurship
of the Ukrainian National Academy of Law Sciences and the Association
of Ukrainian civilists.
“Reputation of Ukraine as a country with imperfect
judicial system entails an image of arbitration-unfriendly jurisdiction in
advance, though the level of refusals of enforcement of arbitral awards in
Ukraine is low – 10% and 18% of all
requests in 2013 and 2014 correspondingly. According to the statistics of
arbitral awards annulments, over the last few years Ukraine gravitates towards the
level of countries with proarbitral judicial systems (Ukrainian courts cancel
20-30% of challenged arbitral awards; for reference, this indicator is about
6.5% in Switzerland). But in general practise shows that in recognition of
arbitration agreements, recognition and enforcement of arbitral awards, the
courts have improved their approaches and, as a rule, don’t create unreasonable
obstacles”, commented Konstantin Pilkov.
International arbitration: Ukrainian reality
A round table discussion entitled Extent of Court Intervention in International Commercial Arbitration took place in the building of the Kyiv Regional Centre of the Ukrainian National Academy of Law Sciences on 4 September 2014. The event was organized by the International Commercial Arbitration Court, the Maritime Arbitration Commission at the Ukrainian Chamber of Commerce and Industry, the Scientific-Research Institute of Private Law and Entrepreneurship of the Ukrainian National Academy of Law Sciences and the Association of Ukrainian civilists.
Konstantin Pilkov, Managing Partner of Cai & Lenard, spoke at the round table and presented an updated research Ukraine. Arbitration-friendly jurisdiction: 2013-2014 statistical report.
“Reputation of Ukraine as a country with imperfect judicial system entails an image of arbitration-unfriendly jurisdiction in advance, though the level of refusals of enforcement of arbitral awards in Ukraine is low – 10% and 18% of all requests in 2013 and 2014 correspondingly. According to the statistics of arbitral awards annulments, over the last few years Ukraine gravitates towards the level of countries with proarbitral judicial systems (Ukrainian courts cancel 20-30% of challenged arbitral awards; for reference, this indicator is about 6.5% in Switzerland). But in general practise shows that in recognition of arbitration agreements, recognition and enforcement of arbitral awards, the courts have improved their approaches and, as a rule, don’t create unreasonable obstacles”, commented Konstantin Pilkov.
Practices: