The article is devoted to the study of the institution of settlement agreement in economic litigation, namely the essence and features of its legal regulation. Such types of settlement agreement as general and special (in the competitive process) were studied. The general treaty, which is considered and verified by the commercial court according to the rules of the Commercial Procedural Code of Ukraine, special type – is a settlement agreement in bankruptcy proceedings (bankruptcy cases). The publication provides a comparative analysis of the specified types of settlement agreements, in particular, regarding to the different orientations in settlement of the disputed legal relations. Accordingly to the present day the authors emphasized that the current economic procedural legislation of Ukraine and judicial practice are on the way to further improvements of the legal norms regulating the practical use of the conciliation procedures, in particular, the institution of a settlement agreement. Despite the widespread belief that conciliation procedures are something distant for the national legal and business cultures, the authors state that peaceful negotiations were long since used in different forms in economic/commercial relations between counter-parties. Thus, the analysis, consideration and implementation of the successful foreign practices regarding to the application of conciliation procedures, in particular, settlement agreements in the regulation of economic/commercial disputes will contribute to achieving positive results in the form of transformation of many commercial disputes into certain opportunities for economic entities, with an aim of strengthening mutually beneficial cooperation, as well as enriching a practice of peaceful settlement of disputes and its effective practical use.

 In the article, the authors claim that the current economic procedural legislation of Ukraine should be aimed at a wider and even predominant use of the conciliation procedures, mainly the conclusion of peaceful treaties during the settlement of economic/ commercial disputes. In connection with this, direct and indirect incentives for their use in the case of dispute settlement, as well as sanctions for unjustified avoidance of conciliation procedures and its evasion, should be developed. At the same time, the authors prove that achieving the maximum number of settlement agreements for a peaceful regulation of disputes should not be the goal of the legislation system or judicial practice. It is important that the parties are interested in such settlement of the disputes and satisfied with theterms of reconciliation process which is legally acceptable to their mutual interests. Since the coercion of the parties to conciliation process by the court or other persons contradict the voluntary nature of the conciliation procedures, generally it does not lead to the real reconciliation of the parties and compromises the institutions of conciliation procedures, and particularly the settlement agreement.

In order to improve the provisions of the current Code of Civil Procedure of Ukraine in the matter of regulating the use of such conciliation procedures as a settlement agreement, the authors of the article developed and proposed additions to the Code of Criminal Procedure of Ukraine.

Bibliography

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Theses

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