Review

In the article the author attempted to formulate a question about the formation of Ukraine’s investment attractiveness through the prism of judicial protection. It has been established that studies related to investment, investment attractiveness and the creation of a favorable investment climate were first and foremost studied in the field of finance, economics, management, banking, and legal science was not systematically explored. But in recent years there has been a tendency for the judicial system to be investigated in terms of the investment attractiveness of our country for foreign investors.

It is concluded that the effectiveness of attraction of long-term productive investments of money, creative energy, physical and spiritual forces in our country is influenced by such fears of potential investors as a high probability of unexpected obstacles by the competent authorities of the state, a high level of possible risks linked to an unstable situation in our country), violation of the rights of people and business, etc. All this is compounded by the too low level of trust of citizens and the international community in the judicial and law-enforcement (human rights) system, uncertainty in the protection of their property and future investments, etc.

The author analyzes the relationship and place of the judiciary in the system of complex measures to increase the investment attractiveness of Ukraine. Based on the study of international legal standards, the analysis of the reports of international organizations and experts, an analysis of the organizational and legal problems of the judiciary in Ukraine, it has been established that only an effective judicial system can be one of the ways of attracting potential investments into the development of our statehood.

It is argued that the vectors for improving the judiciary in order to increase the investment attractiveness of Ukraine should be the establishment of international community trust in the judicial system of Ukraine (through the establishment of the principle of mutual trust between judicial systems), the establishment of trust of Ukrainian citizens in the judiciary, elimination of corruption component in the activities of judicial bodies and enforcement Ukraine’s international obligations in the field of human rights protection.

Areas of mutual trust between judicial systems are analyzed, among which it is proposed to allocate: 1) modernization of judicial policy, which provides for the formation of judicial power as a mechanism for reconciliation of private and public interests, including transnational ones; 2) mutual recognition of court decisions; 3) formation of a single legal space by means of globalization and informatization of the judiciary; 4) the gradual development of a European judicial culture based on the diversity of legal systems and unity through European law.

It is proved that the formation of Ukraine’s investment attractiveness for foreign partners and potential investors is extremely important, and the judiciary is able to become a worthy guarantee in the mechanism of protection of investors’ rights, subject to overcoming of the specified organizational and legal problems.

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