27 The ICAC was created in the aftermath of the dissolution of the Soviet Union, which was followed by a break of commercial ties and an increased need for new institutions competent to resolve emerging cross-border disputes (Selivon, 2017).
30 On 10 June 1992, the UCCI successor to the Chamber of Commerce of the Ukrainian Soviet Socialist Republic created the ICAC (Selivon, 2017).
31 On 11 August 1992, the UCCI appointed Ihor Havrylovych Pobirchenko (1924–2012) as the first ICAC President. This date is frequently referred to as the date of creation of the ICAC. Professor Pobirchenko remained the ICAC President for 18 years and played a significant role in its development and growth. Prior to becoming the ICAC President, Ihor Havrylovych Pobirchenko worked as a professor in law at the Kyiv National University named after Taras Shevchenko. His scholarship revolved around commercial law and international arbitration (Scherbyna, 2014, 18).
32 Professor Mykola Fedosovych Selivon (1946–) succeeded Professor Pobirchenko as the ICAC President in 2010 and continues to lead the arbitral institution in 2022. Prior to joining the ICAC, Professor Selivon was the Ukrainian Ambassador to Kazakhstan, a judge, and later the Head of the Constitutional Court of Ukraine.
33 The very first claim was submitted to the ICAC on 23 October 1992. The caseload grew rapidly. In 1992 the ICAC registered five cases, with 56 cases in 1993, 64 cases in 1994, 140 cases in 1995, and 252 cases in 1996. In the subsequent years, the caseload was not less than 243 cases (2019) and occasionally reaching peaks of 922 cases (2015). The growth of the caseload and the geography of the parties has required increases in the number of arbitrators on the recommended list. It was extended from 14 arbitrators in 1992 to 60 in 2006 and 122 in 2020 (Selivon, 2017).
34 Since its inception, the ICAC has actively engaged in building international connections. On 9 December 1992, it entered into a cooperation agreement with the Swiss Arbitration Association (Swiss Arbitration Centre). Subsequently, similar agreements were concluded with national arbitration associations and arbitral institutions in South Korea (1997), Bulgaria (1998 and 2017), North Macedonia (1998), Slovenia (1999), the Russian Federation (Russia) (1999), Slovakia (2000), Mongolia, Czech Republic (2001), Poland (2007), Romania (2003), Latvia (2006), Azerbaijan (2008), Hungary (2011), Belgium (2012), Austria (2015), China (2017), and Kyrgyzstan (2017). The ICAC has also actively cooperated with the Arbitration Institute at the Stockholm Chamber of Commerce and organized joint events involving arbitration practitioners and judges from the courts of both countries. In 1994, the ICAC became a member of the Central and Eastern European Arbitration Group (‘CEEAG’) of the International Chamber of Commerce (ICC). In 1999, it became a member of the International Federation of Commercial Arbitration Institutions (IFCAI). In 2015, ICAC received the status of an observer at the UNCITRAL Working Group II (‘About the ICAC’, News and Publications section, 2022).