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International courts find no violation from Ukraine regarding foreign investors
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As of June 2008, international courts examined 6 cases upon suits of foreign investors against Ukraine and found no breaches of investment agreements on the part of the state. This was disclosed at the International Conference on Investment Agreements and Alternative Methods of Dispute Resolution between the State and Investor which is running in Kyiv.
A positive judicial statistics demonstrates that the state of Ukraine may be regarded as predictable and reliable in the area of international commercial and investment activity. At the same time, the conference participants noted that without taking into account successful for Ukraine legal procedures, it is expedient for the state to settle such disputes also at the pre-trial stage with the help of alternative methods. The experts pointed out that the number of disputes with the state and investor, examined by foreign courts, makes Ukraine find itself among top 10 countries on the indicator.
The foreign courts mainly examined cases against Ukraine related to investments, issues of the state property on sea, river and air crafts, and protection of ownership interests abroad.
According to the Justice Ministry press-service, participating in the forum are representatives of public authorities and private companies from 11 countries, including Poland, the US, Great Britain, France, Switzerland, Russia. The event was initiated by the United Nations Conference on Trade and Development (UNCTAD) and the Ukrainian Justice Ministry.
UKRINFORM
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