Enforcement of Foreign Arbitral Awards in Russia: Improving, But Still Uncertain
Article from: OGEL 2 (2009), in EU - Russia relations
Russia's ascent as a major player in the world economy in recent years has resulted in a spike in business activity-and business disputes-between Russian and foreign parties. As a result, the enforceability of foreign arbitral awards in Russia remains a practical concern for those doing business with a Russian entity. The difficulty of enforcing foreign arbitral awards in Russia has received widespread attention, no doubt due at least in part to the conflict between Russia's modern arbitration laws and the Russian courts' application of those laws. Despite the incorporation of ...