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

AVELLUM successful for the client before the High Anticorruption Court

AVELLUM defended the client, a Member of Parliament of Ukraine of the 9th convocation, being also a Lieutenant General of Ukrainian Armed Forces, in the criminal case heard by the High Anticorruption Court

Posted on March 15, 2023

FATF suspended russia’s membership

AVELLUM acted as the legal counsel to the action group led by the Ministry of Finance of Ukraine and the State Financial Monitoring Service of Ukraine to facilitate the adoption of restrictive measures against russia by the FATF

Posted on March 13, 2023
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