Originally from: Stockholm International Arbitration Review

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THE NEW RUSSIAN INTERNATIONAL ARBITRATION RULES
(The Rules of the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation)

Ivan Marisin and Timur Aitkulov

I. INTRODUCTION

The International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation ("ICAC") is the Russia's leading international commercial arbitration institution. It is also one of the oldest arbitration institutions in the country: the ICAC's predecessor, the Arbitration Court at the Chamber of Commerce and Industry of the USSR, was established back in 1932.

The ICAC today enjoys being one of the most preferred arbitration institutions for resolution of commercial disputes between Western and Russian companies, as well as companies from other CIS countries. In recent years the ICAC has been hearing some 150-200 arbitration cases annually, the overwhelming majority of which have been between foreign and Russian parties.

On 18 October 2005 the Chamber of Commerce and Industry of the Russian Federation ("Chamber") adopted new rules of the International Commercial Arbitration Court ("Rules"), which entered into force on 1 March 2006. With effect from that date all proceedings commenced in the ICAC are governed by the Rules.

The Rules replaced the old rules of the ICAC, which were passed back in 1994. The old rules, however, continue to apply to all proceedings predating 1 March 2006.