Cooperation Agreement with the Government of the Primorskiy Krai

Russian Arbitration Center Entered into Cooperation Agreement with the Government of the Primorskiy Krai

On 11 September 2018 Andrey Gorlenko, the Executive Administrator of the Russian Arbitration Center (RAC) at the Russian Institute of Modern Arbitration (RIMA), and Andrey Tarasenko, the acting Governor of Primorskiy Krai, signed a Cooperation Agreement.

According to the terms of the Agreement, the RIMA and the Government of Primorskiy Krai agree to cooperate in the development of arbitration in the region and its popularization among the Far Eastern business community.

A year ago, in September 2017, the Russian Arbitration Center opened the Far Eastern Division in Vladivostok, where not only the Russian lawyers, but also by the arbitrators from China, Japan, Korea and other Asian countries resolve the disputes.

During the Eastern Economic Forum, the Executive Administrator of the RAC Andrey Gorlenko took part in the panels “The Far East as a Financial and Offshore Center” and “Competitiveness and the National Jurisdiction: A Space of Freedom for Business”, outlining the peculiarities of arbitration within the Russian Special Administrative Regions (SAR). In these regions, investors enjoy additional protection, in particular, they may submit the disputes to arbitration administered only by permanent arbitral institutions authorized to operate in this field, whereas issued arbitral awards can be enforced in accordance with simplified procedure during two weeks.

The Russian Arbitration Center at the Russian Institute of Modern Arbitration maintains the necessary infrastructure for the arbitration of disputes with the participants of SAR in its regional divisions functioning in Vladivostok and Kaliningrad. The legislator has intentionally specified the simplified procedure for the enforcement of arbitral awards issued within SAR to increase the attractiveness of SAR regime.

Additionally, Andrey Gorlenko participated in the workshop of Hong Kong International Arbitration Centre (HKIAC) dedicated to pre-arbitral strategy. He shared knowledge about the arbitration practice in Russia and Hong Kong, as well as about the enforcement of foreign arbitral award by the Russian state courts.