Comments by the Association for the Promotion of Arbitration (RAA) on Draft Legislative Acts Aimed at Improving Arbitration in Russia
Article from: TDM 3 (2014), in Roundup of Articles
Despite the fairly liberal Russian legislation on arbitration courts that was enacted in the 1990s, arbitration as a form of dispute resolution has yet to gain widespread popularity in Russia. There are quite a few reasons for that, from shortcomings in legislation regulating certain aspects of arbitration proceedings, to numerous abuses in this sphere. As a result, the business community in Russia still largely mistrusts arbitration as a form of dispute resolution. Studies in this sphere have revealed a number of problems such as the dependence of arbitration courts on the ...