The International Chamber of Commerce (ICC) has announced the launch of a new initiative to improve access to justice in Ukraine. The initiative will provide world-class dispute resolution services for the country’s reconstruction projects. The ICC International Court of Arbitration has also announced a reduction in its case management fees to support Ukraine’s recovery process and attract foreign investment. This move will help create a stable and predictable environment for investors.
A key element of the initiative is the collaboration between the ICC and UkraineInvest to conduct a series of webinars and other events to raise awareness of investment opportunities in Ukraine. These events will also highlight the importance of effective dispute resolution mechanisms, which are critical to the smooth development of investment projects.
“In order to attract significant foreign investment for Ukraine’s recovery, the government has adopted new investment legislation that ensures support and protection for investors with substantial investments. The ICC initiative is important for investors because it creates a transparent legal framework that minimises legal risks and provides stability for doing business in Ukraine. This will help build confidence in the Ukrainian economy,” said Oleksandr Melnychchenko, Acting Executive Director of UkraineInvest.
As Ukraine’s recovery involves large-scale reconstruction efforts, the implementation of effective dispute resolution mechanisms is critical to reducing risks, particularly in areas such as infrastructure, energy and transport. In this context, the ICC’s dispute resolution services will not only ensure a high level of legal protection, but also strengthen the confidence of international investors, which is key to Ukraine’s sustainable economic recovery.
The ICC is a global organisation representing more than 45 million businesses in over 170 countries. Its mission is to ensure the sustainable development of international trade, promote responsible business practices and establish high regulatory standards. Through its unique combination of advocacy, innovative solutions and dispute resolution services, the ICC is one of the leading representatives of global business on the international stage.
ICC members include not only large multinational corporations, but also small and medium-sized enterprises, business associations and local chambers of commerce. This makes the organisation a powerful and influential voice for global business at the international level, able to represent the interests of a wide range of market participants, regardless of their size or geographical location.
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