Hong Kong International Arbitration Center (HKIAC) became the first international arbitration institute recognized by Russian Ministry of Justice to administer arbitration in Russia under the amended Russian arbitration law entered into force in 2016.
Contracts with Russian parties may provide for arbitration in Russia administered by the HKIAC and not only Russian based arbitration institutions. Arbitral awards of HKIAC made in Russia will be recognised and enforced in Russia as awards of Russian arbitration institutions. More details: https://www.hkiac.org/content/hkiac-permitted-administer-disputes-russia.
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