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Introduction

Topic 2 . Sources of International Commercial Arbitration

1. International Conventions and Treaties:

1.a First Agreements in International Commercial Arbitration

1 . b. New York Convention 1958 (Convention on the Recognition and Enforcement of Foreign Arbitral Awards).

1.c European Convention on International Commercial Arbitration 1961. (Європейська конвенція про зовнішньоторговельний арбітраж (1961 р.).

1. d. Convention on the Settlement of Investment Disputes Between States and Nationals of Other States (Washington Convention 1965 ) (ICSID) Конвенція про вирішення інвестиційних спорів між державами та іноземними особами (Вашингтонська конвенція 1965 р.).

1. e. 1972 Convention on the Settlement by Arbitration of Civil Law Disputes Resulting from Relations of Economic and Scientific-Technical Cooperation (Moscow Convention) (In English and French) Конвенція про вирішення арбітражним шляхом цивільно-правових спорів, що витікають з економічного і науково-технічного співробітництва (Московська конвенція 1972 р.).

1. f Kyiv Agreement On Procedure of Settling Disputes with. Regard to Carrying on Business Activities of. March 20, 1992.

2. National Laws

3. Arbitral Rules

4. Arbitral Awards

5. Arbitration Institutions

6. Ukraine Legislation on International Arbitration (Law of Ukraine On International Commercial Arbitration of 24 February, 1994.International Commercial Arbitration Court at the Ukrainian Chamber of Commerce & Industry).

International commercial arbitration is a means of resolving disputes arising under international commercial agreements. There are primary sources for international commercial arbitration research - treaties, arbitral awards, court decisions and arbitration rules. Also included are secondary sources crucial to thorough research - treatises, periodical literature, current awareness tools and web links.

The unification was used only at the end of 18^th century and the beginning of 19 th century under the direct impact of trade, financial and other relations between different countries which develop by strong ways. The first bilateral treaty that ptedicts the norms on mutual recognition and the fulfillment of foreign arbitration decisions was The Convention on the Competence of Courts and the Compliance to the Fulfillment of Decisions in Civil Cases, concluded between France and Switzerland dated 15 June 1969.

The first multilateral treaty was the Treaty of southamerican states on the International Procedural Law (Convention Montevideo 1889) that the norms about the recognition and fulfillment of arbitration agreements were stipulated. The abovementionad convention was regional therefore it did not have the wide sphere of application.

The first international convention on the regulating of arbitration was The Hague Convention on the Peacefull Settlement of International Disputes 1899. Despite of the subject matter of this Convention (the subject covered only the disputes of public character) it has been significant for the evolution of the modern ICA. It stipulated the order of appointment of arbitrators, the elections of arbitration and has become the basis for the future international agreements on the commercial arbitration.

Under the auspices of the League of Nations with the initiative of the International Commercial Chamber 2 significant documents were drafted – The Geneva Covenant on Arbitration Clause 1923 and the Convention on the Recognition and Compliance with the Fulfillment of Foreign Arbitration Decisions 1927.

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1. Introduction

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