AUB News

The AUB Arbitration Court consistently assists financial institutions in resolving conflicts outside the state court system

As of today, ALT BANK JSC and CREDITWEST BANK JSC have joined our community, having decided to include an arbitration clause in their contracts.

This balanced position significantly expands the tools for dispute resolution, in particular, it opens up the possibility of referring disputed issues to the Arbitration Court at the Association of Ukrainian Banks (AUB). This approach will undoubtedly ensure a more flexible, efficient, and professional procedure for resolving conflicts between the parties.

The Arbitration Court at the Association of Ukrainian Banks (AUB) contributes to the formation of a stable and predictable business environment by applying alternative dispute resolution mechanisms in an economically efficient and professional manner.

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The mission of the Association of Ukrainian Banks is to support the development of the national banking system. The AUB cooperates with the Verkhovna Rada of Ukraine on improving the legislation governing banking activities, and interacts with the National Bank of Ukraine on regulatory support for the functioning of banks and non-bank financial institutions. The CBA takes care of the professional development of bank employees, expands international relations with associations and banking institutions of other countries.

 

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