Issues of Indemnity Damages in Arbitration Proceedings

The object of research is legal relations in the field of commercial arbitration. We consider the arbitration procedures for disputes, the subject of which is compensation for damage. Currently, forms of settlement of legal disputes that are alternative to state justice are popular, including commercial arbitration, which is becoming more widespread in the modern world, which is primarily associated with the development of economic turnover and busi-ness activity, as well as an increase in the volume of domestic and interna-tional economic connections. The relevance of the issues under research con-sists in the fact that the arbitration procedure of disputes in a strictly defined area related to compensation for damage is investigated as a means of pro-tecting the rights and interests of subjects of economic turnover. We show that it is in principle possible to resolve these disputes through arbitration. The research results can be implemented in legislative work on improving legislation in the field of arbitration of disputes and regulation of issues of compensation for damage.