Russian Arbitration Center at the Russian Institute of Modern Arbitration is one of the leading arbitral institutions in Russia, which administers arbitration proceedings involving parties and arbitrators from all around the globe.
RAC is a subdivision of the Russian Institute of Modern Arbitration, whose activities are aimed at developing and popularising arbitration in Russia, as well as increasing the attractiveness of Russian jurisdiction as a place of doing business and a place for resolving civil disputes.
RAC performs a wide range of functions, including:
Russian Arbitration Center is not a court: all disputes are resolved by selected or appointed arbitrators. The role of the RAC Administrative Office is to facilitate the arbitration process. RAC case counsels and legal counsels assist arbitrators and parties with all technical issues, organisation of proceedings and oral hearings, exchange of documents, as well as scrutiny of arbitration awards and orders. Our goal is an effective and proper procedure that meets the best international standards.
The Board is the main body of the RAC and performs the functions of appointing and challenging arbitrators, consolidating arbitrations and claims, resolving disputes related to the amount of arbitration fees, etc. Members of the RAC Board are Russian and foreign experts with an impeccable reputation and significant experience in the field of arbitration.
The recommended list and databases of RAC arbitrators include more than 400 leading specialists from more than 30 countries on five continents.
The Arbitration Rules of the RAC are one of the most progressive arbitration rules and reflect the main global trends in arbitration.
The Arbitration Rules provide, in particular: