1. THE PARTIES

1.1. The Russian Olympic Committee ("ROC" or the "Applicant") is the National Olympic Committee of Russia.

1.2. The International Sailing Federation ("ISAF" or the "Respondent") is the International Federation for sailing.

1.3. The Spanish Olympic Committee ("SOC" or the "Interested Party") is the National Olympic Committee of Spain.

2. FACTS

2.1. On 1 0 August 2012, the semi-final stage of the Elliott 6m class of the Olympic women's match racing sailing competitions took place between the Russian and Spanish teams (the "Event"). After three races, the score was 2-1 in favour of the Spanish team.

2.2. In its application, the ROC states that ISAF "suddenly" decided to terminate further races (two further races had been scheduled) due to weather conditions (lack of wind). The Spanish team was declared the winner of the semi-final.

2.3. ISAF indicates on its part that, at 5.29 pm on 1 0 August 2012, the International Technical Officials responsible for conducting the competition terminated the semifinals in accordance with the rules governing the event. At the time the scores in the two semi-finals were (in semi-final 1) Australia 2 points, Finland 1 point; and (in semi-final 2), Spain 2 points, Russia 1 point. Australia and Spain were therefore declared the winners of their respective semi-finals.

2.4. Following the termination of the semi-final races and the declaration of the winners, no request for review or other redress was filed with the jury office of ISAF at the event.