Practical Law has published an article by Maxim Kulkov and Sergey Lysov

Practical Law has published an article, Russian Arbitration Law 2016: key issues by Maxim Kulkov and Sergey Lysov. This article examines the key issues arising under the Russian Arbitration Law which came into force on 1 September 2016.

On 29 December 2015, the Russian President, Vladimir Putin, signed the new Laws N 382­FZ “On Arbitration” and N 409­FZ “On Amendments to Certain Legislative Acts” (collectively, Arbitration Law). The Arbitration Law entered in force on 1 September 2016 and introduced several significant amendments, including to the:

  • Procedure of the establishment of arbitral institutions.
  • Arbitrability of corporate disputes.
  • Status of arbitrators.
  • Co­operation between state courts and arbitral institutions.

 

The principal aims of the legislative amendments were to decrease the number of so­called “pocket” arbitral institutions, that are dependent on one of the parties, and to prevent unfair use of arbitration as a way of legitimising parties’ illegal interests. Before the amendments came into force, any legal entity could create its own domestic arbitral institution and use it for its own private purposes.

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Reproduced from Practical Law with the permission of the publishers. For further information, visit www.practicallaw.com or call +44 (0)20 7542 6664.