Following the Hong Kong International Arbitration Centre, the
Vienna International Arbitral Centre (VIAC) will also be entitled
to function as a permanent arbitral institution in Russia and will
start functioning on approximately 8 July 2019. After this date the
VIAC can be included in arbitration agreements.
It will be possible to bring before the VIAC international
commercial disputes, corporate disputes (including disputes over
the ownership of shares and stocks, disputes arising out of
shareholders agreements, disputes concerning the shares and stocks
foreclosure) and disputes over the contracts concluded under the
terms of 223-FZ (public procurement).
Once a separate subdivision of the VIAC is established in Russia
it will be able to administer internal disputes (between the
Russian legal entities).
