The High Economic Court of Ukraine is one of the three specialized cassation courts of Ukraine, along with the High Administrative Court of Ukraine and the The High Specialized Court of Ukraine for Civil and Criminal Cases. In accordance with Article 32 of the Law on Judicial System and Status of Judge, The High Economic Court of Ukraine:

a) treats cases of economic jurisdiction in cassation order. In some cases that are provided by law, this Court can also act as a court of appeals or as first instance court;

b) analyses court statistics, revises and applies judicial practice;

c) provides method assistance as well as gives recommendations to courts of lower level in regard to delivering judgments in economic, or commercial cases.