NEW RULES OF THE INTERNATIONAL COMMERCIAL ARBITRATION COURT ARE APPROVED

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NEW RULES OF THE INTERNATIONAL COMMERCIAL ARBITRATION COURT ARE APPROVED

On 17 September 2020, the Ukrainian Chamber of Commerce and Industry approved amendments to the Rules of the International Commercial Arbitration Court (the “ICAC”). The new ICAC Rules will come into force on 1 November 2020.

Among other changes, the new ICAC Rules:

  • clarify and expand the scope of the ICAC’s jurisdiction (covering, in particular, corporate disputes)
  • introduce new safeguards against procedural abuses by parties’ representatives
  • set a more flexible standard for examination of evidence by arbitral tribunals
  • add provisions on fully virtual and hybrid hearings
  • provide for exchange of arbitration files by e-mail
  • improve the mechanism for review of arbitral awards

The new ICAC Rules aim to improve the arbitration process and bring it closer to international best practices. Additionally, they will ensure more efficient case management despite COVID-19 restrictions.

Posted on October 28, 2020

Vadim Medvedev and AVELLUM team helped to secure anti-suit injunction before High Court in England and Wales

AVELLUM is pleased to announce that its partner, Vadim Medvedev, acted as an expert on Ukrainian law in a high-profile case before the High Court of Justice. The case arises from certain claims related to alleged misappropriation of loans originally issued by a now-insolvent Ukrainian bank. AVELLUM’s assistance proved instrumental for the High Court to […]

Posted on September 12, 2023 by VADIM MEDVEDEV

AVELLUM Tax Practice Earns Recognition in ITR World Tax 2024 Ranking

We are delighted to announce that AVELLUM Tax practice has received recognition in the prestigious ITR World Tax 2024 ranking, a renowned global guide to top tax firms released by the International Tax Review (ITR). AVELLUM Tax Practice is recognized in two categories: The ranking also acknowledges the professionalism and contributions of our esteemed lawyers: […]

Posted on September 11, 2023 by MYKOLA STETSENKO
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