Task 2. Choose the correct word to fill in the gaps in the sentences that follow. Only one word is correct.

24. The International Commercial Arbitration Court is an independent _____ operating on a permanent basis.

25. The International Commercial Arbitration Court under the Chamber of Commerce and Industry of Ukraine has a seal with its name in Ukrainian and English and depiction of a sword and scales of _______.

26. The head of the court can, at the request of the parties, establish the size and the form of ______ for a claim.

27. To the International Commercial Arbitration Court can _____ disputes of enterprises with foreign investments.

28. Foreign economic relation _____ connected with relation of purchase and sale of goods.

29. A person _____ use civil rights to justify actions that might seriously harm the health, welfare, safety or morals of others.

30. International law can be ______ only when the states accept the power of a court to decide whether the law has been violated.

31. The Vienna Convention is limited in _____ to treaties between states, although it can be applied as customary international law to agreements between non-state entities such as international organization.

32. In order for a treaty too be valid, it must be ______ by the free consent of the contracting parties.

33. In order to understand the nature of the international legal system, it is necessary ______ the structure and processes which function within the global society.

34. The United Nations is one of the primary mechanisms that ______ and create international law.

35. International law can only be enforced if states are prepared to _____ it.

36. The Single European Act introduces a new ''cooperation procedure'' designed to give what will then be known as the Parliament greater role in the ______ process.

37. The European Court of Justice holds the judicial power of the Communities with the function of ensuring that the law _______ in the interpretation and implementation of the Treaties.

38. It is a court of first instance whose decisions must be accepted by the national courts and against which there is no _______.

39. International conventional obligations, both bilateral and multilateral, are all ______ by the same general principles of international law.

40. Although sovereign States may ______ to accept the jurisdiction of courts of other States, the concept of State criminality is not strongly supported in law.

41. State responsibility for _____ is limited to liability for reparations.

42. Jurists will note that the outcome of the intergovernmental dispute was based on an individual's concept of fairness producing a ______ rather than a legal judgement.

43. The settlement significantly challenges the principle that either the State or its agents ______ for acts contrary to law outside the Geneva Conventions.

44. Arbitration plays a meaningful part in ______ various disputes among countries with different legal systems.

45. Actual investment projects taking into account the priorities of a given economy should be implemented on a ______ legal basis.

46. One of the advantages of bilateral investment is that agreements _____ be adapted to the particular conditions and relations of the contracting countries.

47. Contracts represent the private and consensual, not governmental _____ of life.

48. Writing provides proof of what was agreed and helps to avoid disputes about whether there really ______ an agreement.

49. Businessmen by nature are not usually _____ lawyers and so may not have given much thought to the problems which may arise.

50. As the business world becomes ever more complex and _____ and transactions become larger and more complicated the role of the lawyer becomes all the more important.