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Russian statutory framework on arbitration has been substantially amended.
DATE: January 12, 2016 | AUTHOR: atlawyers
Russian statutory framework on arbitration has been substantially amended. On 29 December 2015 Russian President signed the Federal Law “On arbitration in the RF”, which, inter alia, only allows establishment of arbitration tribunals by noncommercial organizations under express consent of the RF Ministry of Justice. Another Federal Law amends the civil procedure legislation, extending types of disputes which may be passed to the arbitration so that corporate and real estate disputes are now arbitrable.