UKRAINE

ACT OF UKRAINE

on International Commercial Arbitration

TABLE OF CONTENTS

SECTION I-- General Provisions

Article 1. Sphere of application

Article 2. Definition of terms and rules of interpretation

Article 3. Receipt of written notifications

Article 4. Refusal from the right of refutation

Article 5. Court intervention limits

Article 6. Authorities for certain functions

and control pertinent to arbitration

SECTION II-- Arbitration Agreement

Article 7. Definition and form of arbitration agreement

Article 8. Arbitration agreement and

submission of claim as to the essence of a dispute

Article 9. Arbitration agreement and

interlocutory injunctions

SECTION III-- Arbitration Court Composition

Article 10. Number of arbitrators

Article 11. Appointment of arbitrators

Article 12. Grounds for arbitrator’s challenge

Article 13. Arbitrator’s challenge procedure

Article 14. Termination of an arbitrator’s

authority (mandate)

Article 15. Appointment of a new arbitrator

SECTION IV-- Competence of Arbitration Courts

Article 16. Right of arbitration courts to issue

resolutions on their competence

Article 17. Powers of the arbitration court to order

the taking of guarantee measures

SECTION V-- Arbitration Proceedings

Article 18. Equal attitude to parties

Article 19. Setting the procedure rules

Article 20. Place of arbitration

Article 21. Beginning of arbitration consideration

Article 22. Language

Article 23. Statement of claim and refutation of claim

Article 24. Hearing and consideration of documents

Article 25. Failure to submit documents

or to appear

Article 26. Expert appointed by arbitration court

Article 27. Facilitation of evidences receipt by the court

SECTION VI-- Issuance of Arbitration Decisions

and Termination of Consideration

Article 28. Provisions applied to the matter of the dispute

Article 29. Issuance of decisions by the board of arbitrators

Article 30. Amicable agreement

Article 31. Form and content of arbitration decisions

Article 32. Termination of arbitration consideration

Article 33. Correction and explanation of decisions. Additional decisions

SECTION VII-- Appeal of Arbitration Decisions

Article 34. Petition for annulment as an exclusive way

for appealing arbitration decisions

SECTION VIII– Acknowledgement and Execution of

Arbitration Decisions

Article 35. Acknowledgement and execution of

arbitration decisions

Article 36. Grounds for denial of acknowledgement

or execution of the arbitration decision

Annex No.1 to the International Commercial

Arbitration Act of 24 February 1994,

No. 4002-XII

REGULATION

on International Commercial Arbitration Court

at the Chamber of Trade and Commerce of Ukraine

Annex No.2

to the International Commercial

Arbitration Act of 24 February 1994,

No. 4002-XII

REGULATION

on the Maritime Arbitration Commission

at the Chamber of Trade and Commerce of Ukraine