International arbitration : recognition and enforcement.

There may be some hostility towards arbitration in Russian courts. However, the Russian law holds that an arbitral award, regardless of the seat of a tribunal, must be enforced by the Russian court. A party, which builds its claim on a decision of a tribunal or is seeking enforcement, must submit a copy or an original of the arbitral award together with a copy or an original of the arbitration agreement to court. The award and the arbitration agreement must be translated into the Russian language.

The reasons to refuse recognition or enforcement of the arbitral award are those as established by the New York Convention and the UNCITRAL Model law.

 

 

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