International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry (ICAC at the UCCI) is an independent permanent arbitration institution (third-party tribunal) which activities are regulated by the Law of Ukraine On International Commercial Arbitration of 24 February, 1994 and the Rules of the International Commercial Arbitration Court at the UCCI.

ICAC at the UCCI takes into consideration disputes according to its jurisdiction only in case of the presence of written agreement of the parties to refer to it all or certain disputes arising in connection with any concrete relationships nevertheless of their contractual or non-contractual character.
Arbitration agreement could be made as arbitration clause in the contract or as separate agreement.

The way of application to the ICAC and the order of proceedings are governed by the Rules of the International Commercial Arbitration Court. The amount of arbitration fee to be paid is determined by the Schedule on arbitration fees and costs.

Awards of the ICAC at the UCCI are final and obligatory for the parties and in a case of their refuse to execute them voluntarily are enforced according to the New-York Convention on recognition and enforcement of foreign arbitral awards (1958) in the place of the location of a debtor.

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