What is ICAC?

Solved #mkas
02.07.2023 18:28 • Question

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1 Answers

Lorina Fedan

Answer provided 02.07.2023 20:34

The International Commercial Arbitration Court at the Chamber of Commerce and Industry of Ukraine is an independent permanent arbitration institution that operates in accordance with the Law of Ukraine "On International Commercial Arbitration", which approved its Regulations (https://zakon.rada.gov.ua/ rada/show/n0001571-94#Text).

The International Commercial Arbitration Court at the Chamber of Commerce and Industry of Ukraine is one of the most authoritative institutions in Central and Eastern Europe in terms of the number and effectiveness of dispute resolution. ICAC is included in the list of organizations that are invited to UNCITRAL sessions and have the opportunity to express their position on issues considered by the UN Commission on International Trade Law.

The answer is informational and does not replace a full legal consultation. For a detailed analysis of your situation, contact a lawyer directly.