One of the main problems, which faced the national entities of FEA, is non-execution of foreign contracting parties their contractual obligations, which in turn entails a number of negative consequences, such as unexpected "falling out" of the turnover, and often total loss of the goods and money for a large amount, the application of sanctions by the state, etc.

However, to assert proper rights, to prevent significant losses and avoid most of the negative effects caused by unscrupulous of foreign partner, it is quite possible, and more effectively resource for this is International Commercial Arbitration Court at the Ukrainian CCI.

The seminar was held on September, 26 in the conference-hall of the Kherson Chamber of Commerce and Industry regarding: “A review of cases in the ICAC at the Ukrainian CCI. Recognition and enforcement of arbitral decision outside of Ukraine” was devoted to the discussion of topical issues of the ICAC practice.

The seminar passed with the participation of the Honoured Lawyer of Ukraine, the Academician of the National Academy of Ukrainian  Legal Sciences, Professor, Ph.D., Chairman of the ICAC and MAC at UCCI – Selivon Nikolay; Ph.D. Associate Professor of Economic Law of the Taras Shevchenko National University in Kyiv, Deputy Chairman of the ICAC at the UCCI, arbitrator ICAC at the UCCI – Vinokurova Ludmila, Chief State Auditor, State Inspector DFS in the Kherson Region – Panova Elena, and also lawyer, member of INTERLEGES in Ukraine – Buyanovskaya Ol’ga.

More than 30 enterprises, economic agents, representatives of the Department of Justice and Kherson State Regional Administration took part in the seminar. The seminar participants were welcomed by:

• Vice-President of the Kherson CCI – Kocherzhenko Sergey
• Chairman of the ICAC and MAC at UCCI – Selivon Nikolay
• Head of the Justice Department in Kherson Region– Predmistnikov Oleg

During the seminar there were considered practical issues of resolution of International Commercial Arbitration, especially implementation of the ICAC and MAC decisions, using the currency legislation, the application of special sanctions for violating currency laws, etc.

At the end of seminar, the Chairman of the ICAC and MAC at UCCI thanked all the participants, who listened with interest to the speakers, actively participated in the discussions, asked questions and expressed the hope, that the participants will be able to apply the information in their practical work.