International law firm Integrites holds a workshop on international arbitration
International law firm Integrites together with Edwards Wildman Palmer UK LLP and George Z. Georgiou and Associates organized a workshop: “International Arbitration: How To Protect Assets In Foreign Jurisdictions”. The speakers of the workshop were: Maksym Kodunov, Counsel of ILF Integrites (Kiev), Rod Cowper, Partner of Edwards Wildman Palmer UK LLP (London), George Georgiou, Managing Partner of George Z. Georgiou and Associates (Nicosia).
The speakers came up with a new perspective for arbitration and revealed new opportunities for successful arbitral proceedings.
Maksym Kodunov, the Counsel of ILF Integrites, called attention for the hidden opportunities of international arbitration for business in terms of arbitrability of disputes; multi-party arbitration; choice of seat of arbitration. According to the counsel, knowledge of the jurisdiction of the dispute, as well as knowledge of the country the arbitrators practice in offer additional opportunities for successful arbitration. Mr. Kodunov also pointed out the necessity of setting the right goals in the choice of arbitration institution that will help you save costs. Mr. Kodunov shared his observations that recently the majority of corporate and financial disputes are being resolved at the London International Court of Arbitration (LCIA).
Rod Cowper, Partner at Edwards Wildman Palmer UK LLP, commented on the power of the English courts to grant interim measures in support of arbitration proceedings. He also highlighted the major procedural aspects of arbitration, in particular: the appointment of arbitrators, the exchange of written submissions, collection and evaluation of evidence, the costs of arbitration.
Besides, the speakers gave examples of running the procedure in the countries of the British Commonwealth they represent. For instance, George Georgiou specified that in Cyprus the translations of documents filed to the court, should be attached with affidavits by the official translator of documents.
In turn, George Georgiou also told the workshop participants about the specifics of the application for interim measures and asset tracing in Cyprus. He dealt with the grounds for refusal of enforcement and recognition of arbitral awards.
The workshop was attended by 60 guests from Kiev and Ukraine. Among guest of the workshop there were company representatives such as of “Galychyna”, “Mriya”, “EpiCentr”, “XXI Century”, “Kernel”, “UkrSibBank”, “Sberbank”, “VTB Bank”, “Raiffeisen Bank Aval”, “Slavutich”, “Aerosvit”, “1+1”, “Ukrprodukt”, “life:)”, “Antonov”, “Ukrlandfarming PLC”, “Altcom”, “Velyka Kyshenya”, “IFC”, “DTEK”.
The event was supported by media partners: American Chamber of Commerce in Ukraine, business portal “Finance.ua”, law journals: “Yuridicheskaya praktika”, “Ukrainskyi Advokat”, “Ukrainskyi Yurist”, “Ukrainian Journal of Business Law”.