ICC has introduced reduced fees for Ukrainian companies applying to the International Court of Arbitration

The International Chamber of Commerce (ICC) has introduced reduced fees for Ukrainian companies applying to the ICC International Court of Arbitration. This was reported in an interview with the agency “Interfax-Ukraine” John W. H. Denton, Secretary-General of the ICC.

“Yes, the decision to reduce the fees has been implemented in order to remove barriers to resolving commercial disputes for Ukrainian business,” he noted.

In addition, according to the ICC Secretary-General, the digital platform ICC One Click is now available in Ukrainian and integrated into the network of regional chambers of commerce and industry. He also reported this in the interview with the agency.

“Ukrainian small and medium-sized enterprises (SMEs) are already using the platform, undergoing training and integrating into international supply chains,” Denton added.

ICC (International Chamber of Commerce) is the world’s largest business organization, representing the interests of the private sector at the global level.

Headquarters: Paris, France.

Member countries: more than 170.

Members: more than 45 million companies, entrepreneurs and business associations worldwide

Status: holds observer status at the UN, works closely with the WTO, the G20, the IMF and other international bodies.

ICC develops global business standards and rules (for example, Incoterms®), resolves international disputes through the ICC International Court of Arbitration, one of the most authoritative arbitration bodies in the world, and also promotes free trade, sustainable development and the digitalization of the economy.

More in the interview: https://interfax.com.ua/news/interview/1082092.html