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Chapter 3 - The Legislative Framework - Enforcing Foreign Arbitral Awards Against Russian Entities

Author(s): 
Kaj I. Hobér
Page Count: 
27 pages
Published: 
February, 1999
Jurisdictions: 
Russia
Practice Areas: 
Enforcement of Arbitral Awards
Author Detail: 

Kaj Hobér is a Partner at Mannheimer Swartling in Stockholm and Professor of East European Law at Uppsala University.

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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 (A) General (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