Aliona Varenik
Partner practice

International Arbitration

International commercial arbitration is one of the core methods for resolving foreign economic disputes in the modern international economy and business. Most agreements made with foreign counterparties contain arbitration clauses under which the parties refer a dispute to the international arbitration court. This is the very reason why more and more business representatives come across the problem related to protection of their interests in such courts.

Unfortunately, in our practice we often face the situation when few businessmen pay attention to the arbitration clause and arbitration venue when they sign foreign economic contracts and as a result if any dispute arises out of the contract they are forced to settle it in the arbitration court of which procedures and rules they have no notion.

Unification of arbitration regulations based on multilateral international conventions and other international documents related to the international commercial arbitration essentially facilitated the resolution of this problem. However, even after the above mentioned unification, an impact of domestic laws on legal regulation of international arbitration is determinative.

So, notwithstanding that Ukraine is a party to the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, June 10, 1958) and the text of the Law of Ukraine “On International Commercial Arbitration” is based on the UNCITRAL Model Law on International Commercial Arbitration, the situation with recognition and enforcement of arbitral awards in Ukraine is rather ambiguous.

INTEGRITES has extensive experience of representing the interests of foreign clients in international arbitration courts, including: the Arbitration Court of the International Chamber of Commerce, the European Arbitration Court, the Chinese International Economic and Trade Arbitration Commission, the American Arbitration Association, the Arbitration Institute of the Stockholm Chamber of Commerce, the International Commercial Arbitration Court (ICAC) of the Ukrainian Chamber of Commerce and Industry, the International Commercial Arbitration Court in Moscow, etc.