We will contact you within 2 minutes

Protection of interests in the ICAC at the Chamber of Commerce and Industry of Ukraine

REPRESENTATION OF INTERESTS IN THE INTERNATIONAL COMMERCIAL ARBITRATION COURT (ICAC) AT THE CHAMBER OF COMMERCE AND INDUSTRY OF UKRAINE.

CONSULTATION

Required documents

  • all available documents confirming the right of claim (contracts, specifications, invoices, cargo customs declarations, payment orders S.W.I.F.T., receipts, letters, etc.);
  • extract from the register of legal entities;
  • power of attorney;

Servic cost

The cost of the service depends on the amount of money that is wanted to be recovered. 

The service includes

  • analysis of the prospect of applying to the ICAC at the CCI of Ukraine; 
  • preparation of a claim for appeal to the ICAC at the CCI of Ukraine;
  • payment of mandatory payments when applying to the ICAC at the CCI of Ukraine; 
  • representation of the client‘s interests in the court session at the ICAC at the CCI of Ukraine;
  • obtaining of a decision and accompanying documents after consideration of the case by the ICAC at the CCI of Ukraine.

Additional Information

Disputes related to the competence of the ICAC at the CCI of Ukraine

  • Disputes from contractual and other civil law relations arising in the implementation of foreign trade and other types of international economic relations, if a commercial enterprise of at least one of the parties is abroad;
  • Disputes of enterprises with foreign investment and international associations and organizations established on the territory of Ukraine among themselves, disputes between their participants as well as their disputes with other subjects of law of Ukraine.

An obligatory condition for the consideration of disputes in the ICAC

An obligatory condition for the consideration of a dispute in the International Commercial Arbitration Court is the written consent of the parties to submit such dispute to the ICAC for consideration. Such consent of the parties may be provided for by a separate clause in the Treaty (in the form of an arbitration clause) or as a separate agreement of the parties. 

Execution of the ICAC decision at the CCI of Ukraine

The decision of the ICAC is final and binding on the parties. In the event of refusal to voluntarily execute the ICAC decision, the party has the right to apply for compulsory execution at the location of the debtor. Specialists of KODEX law firm will ensure the organization and conduct of all necessary measures aimed at compulsory execution of the ICAC decision at the CCI of Ukraine. 

Our specialists will help you

  • to conduct an analysis of the prospects for applying to the ICAC at the CCI of Ukraine;
  • to prepare a claim for appeal to the ICAC at the CCI of Ukraine and file it to the ICAC at the CCI of Ukraine;
  • to pay payments when applying to the ICAC at the CCI of Ukraine;
  • to represent your interests when considering the case at the ICAC at the CCI of Ukraine;
  • to receive a decision and accompanying documents after consideration of the case by the ICAC at the CCI of Ukraine;
  • to apply to the competent court for permission to execute the decision of the ICAC at the CCI of Ukraine;
  • to carry out legal support for the execution of the ICAC decision at the CCI of Ukraine. 

The legal company KODEX has a positive experience in representing clients in the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry.

The cost of this service is contractual and negotiated with the client during the preliminary consultation.

Current economic relations dictate to customers their conditions and offer increasingly complex challenges. Quite often, business entities that have relations with foreign counterparts indicate in their contracts a so-called "arbitration clause" in the presence of which disputes between these participants of economic relations are subject to consideration in the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry.

There are completely justified questions: How to apply to the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry? Who can qualitatively represent interests in the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry? How to execute the decision of the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry?

How much will it cost to apply to the ICAC

When applying to the ICAC at the CCI of Ukraine, it is necessary to pay special payments: 

  • The registration fee is paid by the plaintiff upon presentation of a claim in the ICAC in the amount of 600.00 US dollars;
  • The arbitration fee is paid within 30 days from the date the plaintiff receives the decision to accepte the cases for trial. The amount of the arbitration fee is calculated by the Arbitration Court independently in accordance with the Regulations on Arbitration Fees and Expenditures;
  • Additional costs of arbitration proceedings are special expenses that arise in connection with arbitration proceedings. Such expenses include the costs of conducting the examination, the costs of making translation, travel expenses of arbitrators living outside the venue of court hearings, etc. As a rule, such expenses are paid by the parties in advance. If the parties have agreed to hold the hearings outside the ICAC location, they bear all additional costs related to the conduct of the hearings in solidarity. The arbitration court may impose costs incurred by the party in whose favor the decision was made in connection with the protection of its interests in the ICAC on the other party.

The period for the consideration of disputes in the ICAC should not exceed six months from the date of the composition of Arbitral Tribunal formation. At the same time, if necessary, the parties retain the right to file a motivated application for the extension of this period.   



RECORD FOR THE MEETING

CONSULTATION