The Arbitration Center at the Institute of Modern Arbitration, one of the first arbitral institutions authorized to administer arbitration under Russian new arbitration law, opens its new regional office – this time the Western division in Kaliningrad. The launch of the Western division was announced on 28 December 2017, while signing a cooperation agreement between the Institute of Modern Arbitration and the Government of Kaliningrad Region.
The launch of a new Western Division is aimed at making Kaliningrad a more attractive place of doing business and resolving complex economic disputes. The Western Division will administer domestic arbitration, as well as arbitration involving Russian, Baltic and other European companies. According to the cooperation agreement, the Institute of Modern Arbitration undertakes to promote arbitration in Kaliningrad, while the Government of Kaliningrad provides the IMA with the premises for conferences and oral hearings.
The Kaliningrad Region is particularly known for being a Russian exclave bordering with Lithuania and Poland. The Kaliningrad Region has a long-standing history of being a free economic zone in Russia. New Government of Kaliningrad region is now actively considering set of measures aimed at making Kaliningrad’s investment climate more favourable and attractive.
The parties referring their disputes to the Western Division in Kaliningrad will be able to appoint arbitrators from the Arbitration Center’s international arbitration database, which includes arbitration practitioners from Sweden, France, Germany, UK and USA. This diversity will help resolving complex transboundary disputes.
Our primarily goal is to increase the credibility of Russian arbitration in the eyes of both Russian and foreign companies. We are sure that the Western Division will contribute to this goal and increase the attractiveness of the Kaliningrad region as a place of doing business, – notes Andrey Gorlenko, the Executive Administrator of the Arbitration Center at the IMA.
The Arbitration Center at the IMA actively expands its activities in progressively developing Russian regions. The first regional division of the Arbitration Center was opened in Vladivostok in September 2017, during the Eastern economic forum, reported by GAR: http://globalarbitrationreview.com/article/1147211/arbitral-centre-opens-in-russias-far-east.