Arbitration practitioners often put Ukraine below the average ranking of countries in terms of recognition of arbitration. Ukraine’s image of a not entirely arbitration-friendly jurisdiction is “promoted” with common thought about problematic enforcement of arbitral awards in Ukraine.
However, in recent years Ukrainian legal system demonstrated significant progress in adherence to the arbitration-friendly approach. That progress had been measured by the member of Cai & Lenard arbitration team during the study resulted in the research paper “Ukraine. Arbitration-friendly jurisdiction: 2011-2012statistical report”.
This statistical report is based on the study of the practice of Ukrainian courts related to recognition of arbitration agreements and recognition and enforcement of arbitral awards. The study covers 2011 and the first half of 2012.
Arbitration In Ukraine
Arbitration practitioners often put Ukraine below the average ranking of countries in terms of recognition of arbitration. Ukraine’s image of a not entirely arbitration-friendly jurisdiction is “promoted” with common thought about problematic enforcement of arbitral awards in Ukraine.
However, in recent years Ukrainian legal system demonstrated significant progress in adherence to the arbitration-friendly approach. That progress had been measured by the member of Cai & Lenard arbitration team during the study resulted in the research paper “Ukraine. Arbitration-friendly jurisdiction: 2011-2012 statistical report”.
This statistical report is based on the study of the practice of Ukrainian courts related to recognition of arbitration agreements and recognition and enforcement of arbitral awards. The study covers 2011 and the first half of 2012.
Practices: