Share on LinkedInShare on LinkedIn

ARTICLE · 01 FEBRUARY 2019

Mixed Messages: Developments In Recognition Of Foreign Arbitral Awards In Russia

Akin
Akin
Contributor
Akin

Akin

Akin is a global law firm with more than 1,100 lawyers and advisors who pride themselves on...

View firm profile
Explore more from Akin

A recent Russian Supreme Court decision appears to have been markedly hostile to international arbitration. In Dredging and Maritime Management SA v AO InzhTransStroy, the court found that an arbitration agreement...

United StatesLitigation, Mediation & Arbitration

 A recent Russian Supreme Court decision appears to have been markedly hostile to international arbitration. In Dredging and Maritime Management SA v AO InzhTransStroy, the court found that an arbitration agreement that appears to have been based in whole or in part on the ICC's own model clause was defective, and that the resultant award should not be recognised or enforced.

Such has been the concern over this that on 12 November 2018 the president of the ICC Court took the rare step of writing to the chairman of the Russian Supreme Court asking for an explanation. But just a few days later, on 21 November 2018, the Russian Arbitration Association published an important year-long study of all Russian court decisions over the past 10 years that related to the New York Convention, concluding that: "Russian courts are arbitration friendly – in various years, 80 to 97% of all [recognition and enforcement] applications were granted".

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.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from