ARBITRATION CLAUSE RECOMMENDED BY THE INTERNATIONAL COMMERCIAL ARBITRATION COURT AT THE UKRAINE CHAMBER OF COMMERCE AND INDUSTRIES

Parties of the foreign trade contract wishing their disputes to be referred to the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce & Industry are recommended to include the following arbitration clause into their contract:

Any dispute, controversy or claim arising out of or relating to this contract, or the interpretation, execution, breach, termination or invalidity thereof, shall be settled by the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry in accordance with its Rules.

The parties to a contract may wish to consider adding:
This contract shall be regulated by the substantive law of ........ (country)....... . The number of arbitrators shall be ......(one or three)...... .
The place of arbitration shall be ....... (town).......... .
The language(s) to be used in the arbitration proceedings shall be ...... (English, Ukrainian, Russian or other)...... .

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