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ALBERTA COURT OF APPEAL DECISION IN CASE NO: 0701-0230-AC ON AUGUST 5, 2008 “YUGRANEFT CORPORATION VS. REXX MANAGEMENT CORPORATION” - Stockholm International Arbitration Review (SIAR) 2009 No. 1

Author(s): 
Gerald W. Ghikas
Page Count: 
20 pages
Media Description: 
1 PDF Download
Published: 
February, 2010
Jurisdictions: 
Russia,
Canada
Practice Areas: 
Court Decisions,
Arbitral Awards,
Time Limit for Rendering Award,
Time Limits,
Enforceability of Arbitration Agreements,
Enforcement of Arbitral Awards,
Arbitral Decisions

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Originally from: Stockholm International Arbitration Review

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ALBERTA COURT OF APPEAL DECISION IN CASE NO: 0701-0230-AC ON AUGUST 5, 2008 “YUGRANEFT CORPORATION VS. REXX MANAGEMENT CORPORATION”

Observations by Gerald W. Ghikas, Q.C.
 
Subject Matters: Limitation period governing application seeking the recognition and enforcement of a foreign arbitral award.
 
Findings: Under the Alberta Limitations Act, R.S.A. 2000, c. L-12, applications seeking the recognition and enforcement of a foreign arbitral award are subject to a two-year limitation period.
 
Parties:
Appellant/Applicant: Yugraneft Corporation
Respondent/Respondent: Rexx Management Corporation
 
Place of court proceedings: Alberta, Canada
 
Applicable law: Alberta law (Limitations Act, R.S.A. 2000, c. L-12; International Commercial Arbitration Act, R.S.A. 2000, c. I-5)
 
Place of arbitration: Russia