The court established:

By the ruling of 15 April 2010, the Moscow Arbitrazh Court granted the application for the recognition and enforcement of the Award of the Arbitration Institute of the Stockholm Chamber of Commerce No. 016/2009 of 11 November 2009 ordering the Entity to pay to the company the debt, interest and expenses related to the arbitral proceedings.

By the resolution of 26 May 2010, the Federal Arbitrazh Court for the Moscow District upheld the first instance court’s ruling.

In the complaint for the supervisory review of the judicial acts, the Entity requests their cancellation and the rendering of a new judicial act. It invokes the violation by the challenged judicial acts of the uniformity in interpretation and application of the rules of law by the arbitrazh courts arguing that the lower courts should have refused granting recognition and enforcement of the Arbitral Award because it is contrary to the public policy of the Russian Federation and was rendered in the absence of an arbitration agreement between the parties.

The court, having examined the complainant’s arguments, the challenged judicial acts and the case materials, established that the Entity’s complaint shall be rejected on the following grounds.