Share on LinkedInShare on LinkedIn

ARTICLE · 23 AUGUST 2021

Foreign Arbitral Awards In Russia — Public Policy Issue

International arbitration is a highly popular instrument of the dispute resolution, and, therefore, the actual recovery of debts is a matter of high importance.

RussiaLitigation, Mediation & Arbitration

International arbitration is a highly popular instrument of the dispute resolution, and, therefore, the actual recovery of debts is a matter of high importance. Meanwhile, creditors often face problems in the process of recognition and enforcement of foreign arbitral awards in Russia. Statistics for 2020 shows that 87 of 244 claims submitted to Russian courts were dismissed (35.6%). This means that each third claimant cannot count on receiving the funds in reality.

One of the most popular but the least foreseeable reason for the refusal in recognition and enforcement of foreign arbitral awards is a contradiction to public policy of the Russian Federation.

Pursuant to the Russian Supreme Commercial Court clarifications, public policy means fundamental law principles of the highest degree of mandatory nature, generality, special social and public importance. Breaching public policy may infringe on the sovereignty or safety of the state, affect interests of large

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from