Important Arbitration Ruling

June 26, 2026 · WOWERI

The Supreme Court reminded businesses to timely object to arbitration. This ruling has significant implications for businesses in Ukraine.

Important Arbitration Ruling

The Supreme Court of Ukraine reminded businesses to timely object to arbitration. This ruling has significant implications for businesses in Ukraine. In particular, the Supreme Court stated that an incorrect translation of the name of the arbitration institution does not invalidate the agreement. This means that even if the name of the arbitration panel is translated incorrectly, it does not affect the validity of the agreement. Businesses should remember to object to the jurisdiction of the arbitration during the consideration of the case, rather than after receiving an unfavorable decision. This is important to avoid negative consequences for the business. According to Ligazakon.net, this ruling has significant implications for businesses in Ukraine. Businesses should be aware of their rights and obligations in the arbitration process.

Source: biz.ligazakon.net