INTERNATIONAL ARBITRATION

Time limit for forwarding arbitral award to parties extended

The Presidium of the Ukrainian Chamber of Commerce and Industry (UCCI) recently amended Article 52 of the Rules of the International Commercial Arbitration Court (ICAC) at the UCCI. This article governs the procedure for forwarding an arbitral award to the parties to arbitration proceedings. Background Article 52(1) of the rules, which were approved by a […]

Moscow: The Four Ps

Panellists at a recent event in Moscow, organised by ICDR Young and International, considered the role of advocacy in international arbitration and what Noradèle Radjai of Lalive in Geneva termed the “the four Ps of cross-examination”: purpose, plan, preparation and performance”. Participant Fredrik Ringquist of Mannheimer Swartling in Moscow reports. In a keynote address, Ivan […]

Mitigation of damages in arbitration practice: trite law or space for creativity

The mitigation of damages is a well-known principle in international legal practice. However, in Ukraine there is no widely applied court and arbitration practice on the issues relating to mitigation of damages, and aggrieved parties may be unclear as to what should and can be done. Scope of mitigation rule The essence of mitigation of […]

Kyiv Commercial Court Reviews ICSID Award Against Ukraine

CISAF: A recent decision of the Kyiv Commercial Court is of particular importance to arbitration practitioners since it involves not only the issues of invalidation of a joint investment activities agreement, but also application of findings of the ICSID Tribunal which were previously made in respect of such agreement. The Ukrainian court invalidated the agreement […]

Russian-language ECT award enforced in Ukraine

It has emerged that a US$4.5 million SCC award arising out of the first Russian-language Energy Charter Treaty claim was successfully recognised and enforced against Ukraine last month – but a Russian court is now considering whether to overturn the judgment debt that the award upheld.

Ukrainian Court Recognises English Court Freezing Order

Olena Perepelynska: On 1 June 2012 the Ukrainian general court of first instance granted the request of JSC BTA Bank for the recognition of the Freezing Order of the English Court issued in the BTA Bank v Ablyazov and others proceedings (the “Order” and the “BTA Bank case” respectively).

Russian proposals cause alarm

GAR: The president of the Supreme Arbitrazh Court of the Russian Federation, Anton Ivanov, has told a conference in St Petersburg that the Russian courts should be granted powers to set aside foreign court judgments and international arbitration awards that prejudice interests of Russian parties.