Olga Magaletska took part in USAID New Justice Program presentation

On December 16, 2020, Olga Magaletska, the Head of the Office of the National Investment Council, took part in the online presentation of the USAID New Justice Program.

The presentation was attended by Deputy Minister of Justice of Ukraine Ivan Lishchyna, Mark Ellingstad, Director of the Office of Democracy and Governance at the United States Agency for International Development (USAID) Regional Mission in Ukraine and Belarus, David Vaughn, the USAID New Justice Program Chief, Patricia Shaughnessy, Professor at Stockholm University, Former Vice President of the Arbitration Institute of the Stockholm Chamber of Commerce, Crina Baltag, Senior Lecturer at Stockholm University, Former Secretary-General of the Arbitration and Mediation Center of the American Chamber of Commerce in Brazil, and Aleš Zalar, co-chair of the European Center for Dispute Resolution, former Minister of Justice of the Republic of Slovenia.

During the event, an expert report was presented to the participants with an assessment of the current situation in resolving commercial disputes in Ukraine. The participants discussed the issues of resolving commercial disputes in Ukraine, as well as the next steps to improve this process in Ukraine.

Olga Magaletska thanked USAID for the presentation of the report and noted that the issue of fair, transparent, and efficient justice is not a theoretical issue that interests only lawyers. This issue is very practical and real, which directly affects the economic development of the state, because the protection of property rights and economic freedoms through the courts is the foundation on which most of the world's leading economies are built.

We appreciate the cooperation with the USAID New Justice Project. I would like to note that the USAID team and experts have done a great and very thorough work in preparing the report. The methodological approach used in this report is very gratifying, where the findings of international experts are linked to the results of research and surveys of business representatives and lawyers who work directly with Ukrainian courts. We believe that the reform should take place in two directions: the development of alternative dispute resolution mechanisms (arbitration and mediation) and the reform of the judicial system. International experience shows that arbitration is developing most strongly in jurisdictions with a quality judicial system. We support USAID's proposals to establish a specialized court for international commercial disputes, which, in our opinion, is a long-term and systematic solution to the business's need for quality justice," Olga Magaletska said.

© 2020 Office of the National Investment Council of Ukraine