On the 4th of December, 2007 the Partner of the law firm “International Law Offices” Nikolay Melnikov participated in the presentation of the Arbitration Institute of SCC in Ukraine. The presentation took place in the hotel of Radisson Sas in Kiev. The presentation was held by the Swedish firm VINGE.
According to the opinion of the Partner Melnikov despite its young age (100 years this year) this institute may compete with English and French arbitrations and has a number of advantages, allowing the members of the process to save time and means due to the absence of the strict regulation the last ones have.
Among those, who applied for arrangement of just process in this institute, are:
The Canadian Concern Bombardier versus OJSC “Russian Railway”, the Cyprus company TMR Energy Ltd versus “TNK-Ukraine”, “LUKOIL Oversusas” and “Turgay Petroleum” with action to PetroKazakhstan.
It is important to notice that there are also certain advantages in the system of ad hoc.