Originally from International Arbitration Court Decisions - 3rd Edition

ALBERTA COURT OF APPEAL DECISION IN CASE NO: 0701-0230-AC ON AUGUST 5, 2008

“YUGRANEFT CORPORATION VS. REXX MANAGEMENT CORPORATION”

Subject Matters:
Limitation period governing application seeking the recognition and enforcement of a foreign arbitral award.
Findings:
Under the Alberta Limitations Act, R.S.A. 2000, c. L-12, applications seeking the recognition and enforcement of a foreign arbitral award are subject to a twoyear limitation period.

Parties:
Appellant/Applicant: Yugraneft Corporation
Respondent/Respondent: Rexx Management Corporation

Place of court proceedings:
Alberta, Canada

Applicable law:
Alberta law (Limitations Act, R.S.A. 2000, c. L-12; International Commercial
Arbitration Act, R.S.A. 2000, c. I-5)

Place of arbitration:
Russia