Arbitration Center at the Institute of Modern Arbitration is officially renamed into the Russian Arbitration Center at the Russian Institute of Modern Arbitration (RIMA).
In accordance with the Russian legislation, an organization can employ in its name the word “Russian” only after an authorization from the Ministry of Justice upon a positive recommendation from a special internal commission. RIMA received such authorization on 13 March 2018 by the Order of the Russian Ministry of Justice №288-p.
“This is not a mere formality. The authorization to be named “Russian” is granted only to the organizations which activities are unique and socially important. This is exactly what we do. We develop and promote arbitration all around Russia. For the past year we have organized various arbitration-related events in Petropavlovsk-Kamchatskiy, Vladivostok, Khabarovsk, Kemerovo, Tumen, Ekaterinburg, Nizhniy Novgorod, Saint Petersburg, Kaliningrad etc. We already administer disputes with parties from various Russian regions. We actively cooperate with foreign colleagues and try to contribute to increasing the credibility of Russia as a place of doing business” – says Andrey Gorlenko, General Director of RIMA.
“This news is hard to underestimate. This is indeed a new step in the development of the Arbitration Center, which is now even more responsible for the future of the Russian arbitration. We will certainly do our best” – says Yuriy Pilipenko, President of the Board of the Russian Arbitration Center and President of the Federal Chamber of Lawyers.
RIMA is largely involved in promotion and development of ADR in Russia. In 2017, RIMA opened two regional divisions: the Western division in Kaliningrad and the Eastern division in Vladivostok. Also, RIMA organizes one of the most large-scale arbitration conferences in Russia – Russian Arbitration Day 2018. Moreover, RIMA arranged three moot court competitions for Russian and foreign students.
Among other recent developments on institutional cooperation are signing cooperation agreements with the leading arbitral institutions – Hong Kong International Arbitration Center (HKIAC), Singapore International Arbitration Center (SIAC), Japan Association of Arbitrators (JAA).