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Arbitration

 

Constantly operating arbitration at the association “European Economic Chamber” was established under the initiative of members of the European Economic Chamber of Trade, Commerce and Industry in accordance with the Law of Ukraine "On Arbitration".
The arbitration is a progressive and effective way of resolving disputes arising between natural persons and legal entities taking into account the large congestion of state courts and; it is intended to protect property and non-property rights and interests of natural persons and legal entities guarded by law by means of comprehensive review and resolution of disputes according to the law.
Advantages of arbitration proceedings:
- the speed and efficiency of proceedings;
- impartiality and fair decisions of judges;
- confidentiality of arbitration;
- high level of judges’ professionalism and corresponding specialization;
- ability to choose a judge - a specialist in a particular field;
- minimum quantity formal and procedural requirements.

The basic principles of the arbitration is to resolve conflicts on the basis of trust of the parties to delegate the dispute to the arbitration, the legitimacy and independence of arbitrators for dispute settlement by the court by means a fair and reasonable decision.
The condition of possibility of dispute settlement at arbitration is arbitration agreement, concluded in the form of arbitration clause as a contract, agreement or a separate written agreement.
We suggest you to benefit from all the advantages of arbitration proceedings and provide the sample of arbitration clause:

1. The parties agreed that all disputes arising between them in connection with a conclusion and/ or by performance of this Agreement and which were not resolved by means of negotiations,  -shall be submitted for consideration to the constantly operating arbitration at the association the "European Economic Chamber" (hereinafter “arbitration”). 

2. Resolving ofdispute shall be processed by a single arbitrator appointed by the president of the association “European Economic Chamber”

3. The dispute shall be resolved in accordance with the rules of arbitration.

4. Arbitration decision shall be final, unappealable and obligatory for execution by the Parties.

5. The statements of this Agreement concerning arbitration shall be obligatory for the parties, their representatives and legal successors and shall remain active regardless of the term of this Agreement and after its expiration.

6. If particular provisions of this Agreement become void this arbitration clause shall remain valid.


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