The Russian Arbitration Center (RAC) is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with Arbitrator Intelligence (AI).
The agreement signed by Yulia Mullina, Executive Administrator of the RAC, and Catherine Rogers, Founder and CEO of AI, states that both parties will cooperate with the common goal of making the arbitrator selection process more efficacious and predictable, and promoting diversity in the pool of international arbitrators. AI is an online system that provides users with unique data and analytics to enable them to make informed arbitrator selection and case strategy decisions. The RAC will endeavor to increase the information available for those seeking to select Russian speaking arbitrators.
The signing of the MoU signifies the parties’ shared commitment to promote transparency, accountability and diversity in arbitrator appointments.
To hasten the growth of transboundary cooperation and ADR, the RAC supports wider implementation and utilization of various innovative services. The AI collaboration is timely as a new milestone in implementing and advancing virtuosic dispute resolution services that respond proactively to contemporary challenges, facilitating a move to more user-friendly arbitration.
Yulia Mullina, Executive Administrator of the RAC, said, ‘’We believe that signing of the MoU will bring a myriad of benefits to the users. The RAC is the staunchest supporter of transparency, diversity and aspires to ensure the highest level of professionalism, expertise and credibility of all appointees”. The RAC welcomes the MoU as a new milestone in ensuring transparency of arbitration, and is confident that this collaboration will deepen international ties with the CIS arbitration community.
Catherine Rogers, President of the AI, said, “The RAC is innovating to address parties’ core concerns in greater efficiency and predictability. Arbitrator Intelligence is proud to partner with them in these efforts”.
Transparency is an essential pillar of ensuring the security, integrity and reliability of arbitration. Both parties will make joint efforts towards the establishment of a framework for a safe, efficient and user-friendly ADR system in the CIS region and beyond.