Latest updates

Practical aspects of recovering post-award interest
  • Ukraine
  • 05 December 2019

Although Ukrainian law now allows for the recognition and enforcement of arbitral awards which grant interest of an undetermined amount with no fixed maturity date or clear method of calculation, in practice, challenges may still arise during execution proceedings. A good example of this is the high-profile case Nibulon v Rise, which proves that obtaining enforcement of an arbitral award in Ukraine is only part of the battle.

Enforcement of arbitral awards by sanctioned entities: courts test public policy exception
  • Ukraine
  • 26 September 2019

Although the Ukrainian courts have released little jurisprudence with respect to the application of sanctions, this practice is gaining traction in response to Russian aggression in Crimea and the Donbas region. In a recent case, a sanctioned Russian entity sought recognition and enforcement of an arbitral award against a Ukrainian company, which the latter argued would contravene Ukrainian public policy.

Changes to approach favouring enforcement against assets indirectly owned by foreign states?
  • Ukraine
  • 13 June 2019

Following a recent Supreme Court decision, the outlook for recovery following the enforcement of the Everest Estate arbitral award against Russian assets in Ukraine does not look particularly optimistic. However, the chances of recovery may increase if the Ukraine Cabinet of Ministers exercises its powers under the International Private Law to allow enforcement against assets indirectly owned or controlled by Russia – and the grounds for exercising such power continue to mount.

Post-award interest recovery in Ukraine – is it possible?
  • Ukraine
  • 12 January 2017

Post-award interest usually accrues between the date on which an arbitral award is issued and the date on which payment of the awarded amount is made. Ukrainian legislation does not address the concept of post-award or post-judgment interest and difficulties can thus arise. While Ukrainian case law regarding the recovery of post-award interest is controversial, there are options that make the recovery of such interest possible.

High court issues overview of case law relating to international arbitration awards – Part 2
  • Ukraine
  • 08 September 2016

In early 2016 the High Specialised Court for Civil and Criminal Cases published an extensive overview of Ukrainian case law relating to the recognition, enforcement and challenge of international arbitration awards. This update discusses the jurisdiction of Ukrainian courts to consider applications for the setting aside of arbitral awards delivered by the International Commercial Arbitration Court and the Maritime Arbitration Commission.

High court issues overview of case law relating to international arbitration awards
  • Ukraine
  • 30 June 2016

In early 2016 the High Specialised Court for Civil and Criminal Cases published an extensive overview of Ukrainian case law relating to the recognition, enforcement and challenge of international arbitration awards. The overview has been welcomed by lawyers, although certain interpretations and conclusions made by the court are far from radical.

High Specialised Court rules on effects of assignment of benefit of arbitral award
  • Ukraine
  • 22 October 2015

The High Specialised Court for Civil and Criminal Matters has issued a decision which confirms that an application for recognition and enforcement of an arbitral award can be served only by the original claimant that took part in the arbitration proceedings. This was the first case brought before the court regarding the specific right of an assignee to seek recognition and enforcement of an award in Ukraine.

State involvement in commercial arbitration: where is the line drawn?
  • Ukraine
  • 16 July 2015

The involvement of state bodies in international commercial arbitration remains a pressing issue worldwide. A recent case in which the state prosecutor's office attempted to bypass an arbitration agreement and challenge before the courts a commercial contract signed by a state-owned company provides guidance on preventing unreasonable attempts of the state to interfere with ordinary business activities.

Which arbitral institutions do Ukrainian businesses prefer?
  • Ukraine
  • 13 March 2014

Many Ukrainian businesses submit disputes to arbitration before the Ukrainian and Russian Chambers of Commerce and Industry. This has a great deal to do with the geographical location of these institutions, the language used in their proceedings and their associated costs in relation to other arbitral institutions. However, a number of cases are also referred to arbitration in England, depending on the parties involved.

Courts consider effects of a change of parties during arbitration proceedings
  • Ukraine
  • 24 October 2013

When asked to allow for the recognition and enforcement of foreign arbitral awards within their jurisdiction, courts must frequently consider whether a change of the original party to the arbitration agreement affects the enforceability of the award. Recent Ukrainian court practice shows that the courts are equivocal in their interpretation of statutes applicable to this issue, resulting in ambiguous case law.

Applicable law in contractual disputes: recent arbitration practice
  • Ukraine
  • 13 June 2013

It is standard practice for parties to international contracts to agree on the particular law that will apply to the contract. However, as two recent arbitrations show, parties occasionally make a mistake in properly naming the applicable law or include too many conflicting clauses in their contract, which may stymie an arbitral tribunal in deciding which substantive law should be applied.

Proper notices in arbitration – watch the details!
  • Ukraine
  • 11 April 2013

The New York Convention provides that recognition and enforcement of a foreign arbitral award may be refused at the request of the party against which it is invoked only if that party furnishes proof that it was not given proper notice of the appointment of the arbitrator or of the arbitration proceedings. However simple at first glance, the question of what constitutes 'proper notice' turns out to be less than clear in practice.

Enforcing arbitral awards against Ukrainian bankrupt companies
  • Ukraine
  • 07 February 2013

Creditors seeking enforcement of arbitral awards for claims against Ukrainian bankrupt companies face difficulties if the award has not been recognised by the courts of general jurisdiction. Such an award is not enforceable in Ukraine and the claim may be denied in bankruptcy proceedings. The courts have suggested their own solution to this problem – unfortunately, not a pro-arbitration one.

Time limit for forwarding arbitral award to parties extended
  • Ukraine
  • 20 December 2012

Article 52 of the Rules of the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry governs the procedure for forwarding an arbitral award to the parties to arbitration proceedings. Recent changes have allowed arbitrators extra time to forward awards to parties; however, there are concerns that extension of the time limits might result in unreasonable delays in the rendering of awards.

Mitigation of damages in arbitration practice: trite law or space for creativity?
  • Ukraine
  • 06 September 2012

The mitigation of damages is a well-known principle in international legal practice. Ukrainian case law and arbitration practice may lack a generally applied approach on the issue, but previous decisions of the International Commercial Arbitration Court at the Chamber of Commerce and Industry provide an indication of how the mitigation rules have been applied.

Ukraine earmarks UAH100 million for ICSID awards
  • Ukraine
  • 07 June 2012

President Yanukovych has signed state budget legislation which provides for significant compensation payments to foreign investors in relation to arbitral awards rendered under the auspices of the International Centre for Settlement of Investment Disputes (ICSID). The move confirms Ukraine's willingness to honour its commitments under the ICSID Convention.

Obtaining security measures in support of arbitral awards
  • Ukraine
  • 22 March 2012

Amendments to the Code of Civil Procedure have ensured that applicants for recognition of international arbitral awards have recourse to security measures in respect of award debtors. The change represents a significant step forward for Ukraine as an arbitration-friendly jurisdiction; however, applicants must be aware not only of their rights, but also of the shortcomings and inconsistencies of legal procedure.

Aspects of recognition and enforcement: lessons from case law
  • Ukraine
  • 15 December 2011

In the past few years the Ukrainian courts have addressed a number of significant issues relating to arbitration, including aspects of arbitrability, public policy defences against enforcement and recognition, the enforcement of awards against a state-owned entity and the enforcement of interim awards. These decisions provide a valuable indication of the courts' likely approach to recognition and enforcement.

Challenging international arbitration awards: legislative changes trigger debate
  • Ukraine
  • 04 August 2011

A number of amendments were recently made to legislation concerning the recognition and enforcement of arbitral awards. Despite being generally positive, some of the changes were partial and incomplete and may lead to the emergence of new obstacles in enforcing arbitral awards. In particular, this applies to amendments to the Civil Procedure Code and the Commercial Procedure Code.

Foreign awards: getting tough on enforcement?
  • Ukraine
  • 05 May 2011

Amendments to the Law on Enforcement Procedure address a number of significant problems in giving effect to foreign arbitral awards - for example, a foreign award can now be enforced for payment in a foreign currency. However, Ukraine's acknowledged corruption problems and a general culture of avoidance may still obstruct the process. Do the latest reforms go far enough?

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