In the past few decades, international arbitration has become
one of the most widely used methods of resolving disputes arising
under various commercial relationships. With the exponential growth
of international trade, the number of international arbitral
institutions as well as their economic and political impact have
also increased greatly. The question of enforcing the arbitral
awards has thus become an important tool that is used by various
governments to further their interests. On 29 December 2015 the
Russian Federation adopted its Federal Law on Arbitration
(Arbitration Law) which introduced the licensing requirement for
all domestic and foreign arbitral institutions. Amongst other
topics, such licensing directly affects the enforcement of arbitral
awards.
