Practical Law: arbitration clause providing for ad hoc arbitration invalid where arbitral institution not specified (an update by Maxim Kulkov and Sergey Lysov)
The Russian Ninth Commercial Court of Appeal has ruled that an arbitration agreement, providing for ad hoc arbitration under UNCITRAL Rules in London, was invalid because it was not possible to identify particular arbitral institution to administer the dispute. The decision contradicts the position of the Supreme Commercial Court. Parties to arbitration agreements in the Russian […]