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Ukraine earmarks UAH100 million for ICSID awards

June 2012 - Litigation & Dispute Resolution. Legal Developments by Astapov Lawyers International Law Group .

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In recent years there has been a worldwide trend against arbitration conducted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID). A number of Latin American countries have been critical of the ICSID Convention following a sequence of negative decisions. However, Ukraine has confirmed its commitment to the convention, which it ratified on March 16 2000.

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Reproduced with permission from International Law Office. This article was first published on the website www.internationallawoffice.com


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