Kiev Appellate Court refuses to recognise and enforce SCC emergency arbitrator award in investment dispute against Ukraine | article of Markiyan Kliuchkovskyi and Oleksandr Volkov, “Thomson Reuters”
In JKX Oil & Gas PLC and another v Ukraine, Case No. 757/5777/15ц, the Kiev Appellate Court considered whether to recognise and enforce an Arbitration Institute of the Stockholm Chamber of Commerce (SCC) emergency arbitrator award.
With effect from 30 December 2016, the Ministry of Health of Ukraine (the “MOH”) by its Order No. 1245 enacted a procedural by-law (the “Procedure”) which should finally open the way for a fast-track registration (marketing authorization (“MA”)) in Ukraine of medicinal products that have already been approved by drug regulatory authorities of (i) the U.S., Switzerland, Japan, Australia, Canada and (ii) the EU under centralized authorization procedure, in each case for use in relevant countries.