Pursuant to Article 63 of the Fundamentals of Civil Procedure of the USSR and Union Republics, the enforcement and execution of foreign court judgments and arbitral awards are determined by international treaties to which the USSR is a party. Article 63 goes on to say that:
Foreign court judgments and foreign arbitral awards may be submitted for enforcement in the USSR within three years from the moment of acquiring legal force.I
The Soviet Union acceded to the I958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards in 1960.2 When ratifying the New York Convention the Soviet Union made use of the reservation provided for in Article 1 (3) of the Convention.3 The Presidium of the USSR Supreme Soviet made the following pronouncement:
The Union of the Soviet Socialist Republics win apply the provisions of this Convention with respect to awards made in the territory of a State not participating in the Convention only on the basis of reciprocity.A
Table of Contents:
Chapter 3 The Legislative Framework
(B) Is the Russian Federation a Member of the New York Convention?
(C) Are the Former Republics of the USSR Members of the New York Convention?
(D) The Russian Court System: An Overview
(E) The 1988 Decree and the International Arbitration Law
(F) Interim Security Measures
(G) Statute of Limitations
(H) Case Law