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Eterna Law

SOPHIA BUSINESS CENTER, 6 RYLSKIY LANE, 01601 KYIV, UKRAINE
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Work +380 44 490 7001
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https://www.eterna.law
Almaty, Kiev, Moscow

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AstapovLawyers to head a working group on creating an arbitration forum of the Russian Grain Union

September 2010

01.09.2010 – The Board of Grain Exporters of the Russian Grain Union (RGU), in its meeting on August 19, 2010, approved by a majority vote the formation of a working group on creating the RGU’s international arbitration court. This working group includes representatives of all member companies, and its activities shall be coordinated by the AstapovLawyers law firm. The first meeting of the working group is scheduled for September.

The international arbitration court to be created under the auspices of the Russian Grain Union will focus on the grain export disputes involving the CIS-based companies and should be an alternative to the GAFTA's arbitration court. The activities of this forum will be governed by the system of the GRU' standard contract forms for be developed to this end and shall comprise the relevant arbitration clauses.

In the opinion of Andrey Astapov, the AstapovLawyers' Managing Partner, this arbitration forum will guarantee legal protection to the grain exporters from Russia, Ukraine and Kazakhstan, and as a result, will enhance positions of these states in the world markets. "This is particularly important now as due to restricted grain exports from Russia and Ukraine, companies badly need legal defense. The idea to set up an arbitration forum is welcomed by major exporters," - he says. "The issue of fair international trade conditions has been discussed for two centuries, and dispute consideration is the vital element of this matter. In our opinion, the creation of such arbitration forum will assist in overcoming the outdated practices in the legal treatment of grain trade".

The Russian Grain Union is the all-Russian association of grain market players. The Union was created on November 23, 1994 as a non-profit organization, and currently unites over 530 companies and organizations of all forms of ownership, whose business is related to the production, storage, cleaning, drying, disinfection, processing, domestic and international trade in grain, grain products, compound animal feedstuffs, evaluation of their quality and certification, and organisation of the grain market infrastructure, and other activities related to provision of financial, insurance, surveyors', supply, transport, scientific, technical, information and other services, which ensure proper operation of the grain industry.For more information, please contact Elena Karchova, PR Director, AstapovLawyers: +38 (044) 490 70 01, pr@astapovlawyers.com


AstapovLawyers

AstapovLawyers International Law Group is one of a leading full service Law Firms in Ukraine, consistently named among the leaders of the market for quality and reliability of service as well as for the depth of expertise by major international and local legal directories. The Firm employs over 50 carefully selected and well-motivated professionals who are responsive, solution-oriented, creative and committed. Firm's key clients include Nemiroff, Soyuz-Victan, Raiffeisen Bank Central, Danone, Mriya Agroholding, Bunge, Energoatom, DEMZ, Rodovid Bank. More information about the Firm can be found at www.astapovlawyers.com

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