The draft aw No. 3411 aims to improve the formation and operation of arbitration courts by strengthening the requirements for organizations in which permanent arbitration courts may operate, and expanding the powers of arbitration bodies in order to effectively conduct arbitration. The bill proposes:
- change in the procedure for state registration of arbitration courts;
- strengthening the requirements for organizations in which permanent arbitration courts can be formed;
- expansion of the powers of the Arbitration Chamber of Ukraine, its powers will include establishing the compliance of the founder of the established permanent arbitration court with the requirements of the Law and providing an appropriate opinion;
- expanding the jurisdiction of cases that may be considered by arbitration courts by granting the right to consider disputes in real estate cases, as well as clarifying the competence of the arbitration court in terms of consideration of cases in disputes concerning consumer protection.