To ensure the effective arbitration proceedings, the bill strengthens the requirements to the organizations which are allowed to establish permanent arbitration courts and broadens the mandate of arbitration self-governance bodies
In particular, the draft law envisages:
- changing the procedure of the state registration of arbitration courts;
- strengthens the requirements to the organizations which are allowed to establish arbitration courts;
- broadens the mandate of the Arbitration Chamber of Ukraine;
- amends the jurisdiction of arbitration disputes;
– The bill was developed with the active participation of experts in the field of arbitration. It takes into consideration the research conducted in 2018 by DEJURE Foundation and is based on the draft law which was debated in several public and academic discussions.
The updated law comprehensively addresses the problem of the popularization of arbitration proceedings, as it aims to become the basis for the creation of arbitration courts under reputable organizations, trusted by business and the general public.
We hope that the Parliament would expediently adopt the law and that soon we would benefit from a good-quality alternative to state courts which could reduce the heavy caseload of the latter.
Member of the Board of DEJURE Foundation, Chairperson of the Arbitration Chamber of Ukraine