arbitration in russia challenges and opportunities roman zykov
DESCRIPTION
Arbitration in Russia Challenges and Opportunities Roman Zykov Secretary General, Russian Arbitration Association Vilnius, November 21-22, 2013 . Contents. Legal environment Present state of affairs Developments Russian Arbitration Association . Legislation . - PowerPoint PPT PresentationTRANSCRIPT
© Russian Arbitration Association
Arbitration in RussiaChallenges and Opportunities
Roman ZykovSecretary General, Russian Arbitration Association
Vilnius, November 21-22, 2013
2
© Russian Arbitration Association
Contents
• Legal environment • Present state of affairs• Developments• Russian Arbitration Association
3
© Russian Arbitration Association
Legislation
• The New York Convention 1958• European Convention 1961• Moscow Convention 1972• Optional Arbitration Clause 1977 • 71 BITs• UNCITRAL Model Law 1985
4
© Russian Arbitration Association
Present
• Uniform application of Law• Broader arbitrability• Interim measures by state court• Optional forum clauses – invalid • No court’s review on merits• Improvement in enforcement (3 year limit)
5
© Russian Arbitration Association
Arbitrability
• Any commercial matter• Real Estate - ok• Corporate
– SPA - ok– SHA - ?
• Bankruptcy - no• Competition - no
6
© Russian Arbitration Association
Russian disputes abroad
7
© Russian Arbitration Association
Russian element in the ICC
© Russian Arbitration Association
Please indicate your preferences with regard to the cities listed below if negotiating the place for arbitration
ICC Russia Survey “Russia as Place for Arbitration”
Russian respondents
1.98
2.08
2.26
2.54
2.95
3.23
3.30
3.55
3.59
3.70
3.71
0 1 2 3 4 5
Singapore (11)
Hong Kong (10)
Dubai (9)
New York (8)
St. Petersburg (7)
Vienna (6)
Geneva (5)
Moscow (4)
London (3)
Stockholm (2)
Paris (1)
foreign respondents
2.85
2.88
3.00
3.20
3.21
3.77
3.88
3.92
4.14
4.14
4.39
0 1 2 3 4 5
St. Petersburg (11)
Hong Kong (10)
Dubai (9)
New York (8)
Moscow (7)
Singapore (6)
Geneva (5)
Stockholm (4)
London (3)
Vienna (2)
Paris (1)
9
© Russian Arbitration Association
Russian Arbitration Association
• Founded in 2013• 50 founding law firms • Non-governmental• Non-profit
10
1 A&T Lawyers2 AKP Consulting3 Allen & Overy4 ALRUD5 Astapov & Partners6 Baker & McKenzie7 Bartolius8 BEITEN BURGHARDT9 Clifford Chance CIS Ltd
10 Debevoise & Plimpton11 Dechert Russia12 Engarde13 FBK Pravo14 Freshfields Bruckhaus15 Hogan Lovells CIS16 Injurservice17 IPEG18 Kachkin & Partners19 Kalikova Associates20 Khrenov & partners21 Knyazev & Partners22 Koblev & Partners23 Korelsky, Itschuk, Astafiev and Partners24 Lidings25 Makarov Legal Bureau
26 MENA Chambers sprl
27 Monastyrsky, Zyuba and Stepanov & Partners
28 Morgan Lewis International LLC
29 Moris Group
30 MOTIEKA & AUDZEVICIUS
31 Muranov, Chernyakov & Partners
32 Nektorov, Saveliev & Partners
33 Norton Rose Fulbright (Central Europe) LLP
34 Ost Legal
35 Pepelyaev Group
36 Prime Advice
37 Quinn Emanuel Urquhart & Sullivan
38 RBL Law Firm
39 Revera Consulting Group
40 Sabev & Partners
41 Sayenko, Kharenko
42 SG Global Advice L.L.P
43 Squire Sanders
44 Stephenson & Harwood LLP
45 Sysuev, Bondar & Khraputski
46 Vegas-Lex
47 Westside Advisors
48 White & Case
49 Yakovlev & Partners
50 Yukov & Partners
© Russian Arbitration Association
11
BOARD OF THE RUSSIAN ARBITRATION ASSOCIATION
© Russian Arbitration Association
12
Vladimir Khvalei Timur AitkulovTatiana Slipachuk
Noah Rubins David GoldbergIlya Nikiforov
© Russian Arbitration Association
13
Vasily RudominoAlevtina Kamelkova Alexander Khraputsky
Yuri Monastyrsky Andrey LobodaLoboda, Filimonov
and partners
© Russian Arbitration Association
14
ARBITRATORS NOMINATING COMMITTEE
© Russian Arbitration Association
15
Alexei DudkoEkaterina KobrinTamara E. Abova Sergey N. Lebedev
Galina Zukova
Gleb SevastianovTreteisky Sud Journal
Francesca Albert
16
© Russian Arbitration Association
RAA objectives
• Dispute resolution services in CIS– Domestic – International
• Arbitrators’ database • Improvement of legislation• Education • Knowledge database
17
© Russian Arbitration Association
RAA Dispute Resolution
• Administering disputes under the UNCITRAL Arbitration rules
• Acting as appointing authority • On-line arbitration for small claims• Arbitrator’s database
© Russian Arbitration Association
The functions of the RAA• Appointing authority
– Appointment of arbitrators on default of party– Selection of chairman or sole arbitrator– Adjudication of challenges to arbitrators
• Administrative authority– Maintenance and disbursement of advances– Review and certification of awards– Custody of case documents
• Prospective administrative activities– Further administrative support to tribunal– Hearing organization and logistics
18
© Russian Arbitration Association
RAA as appointing authority
• The Nominating Committee and its functions• The arbitrator database and arbitrator
qualifications• Procedure for procuring appointment of co-
arbitrator by RAA• Procedure for procuring appointment of sole
arbitrator or chairman by RAA• Arbitrator challenge and replacement
19
© Russian Arbitration Association
RAA as administrative authority
Current administrative activities• Management of costs and advances• Procedure for scrutiny and certification of final
awardsProspective administrative activities• Custody of the case file• Secretarial and other administrative support• Organization of hearings
20
© Russian Arbitration Association
Arbitration Costs ($)
21
1,000,001 5,000,001 10,000,001 100,000,000
24,480
43,680
59,680
146,080
61094
132348
170798
313798
47492
96629
124351
238075
31500
64500
93750
221000
ICAC ICC SCC RAA
© Russian Arbitration Association
Arbitrator’s fee ($)
22
1,000,001 5,000,001 10,000,001 100,000,000
734413104
17904
4670439378
87334
113284
214584
31513
68835
90254
181772
24500
52500
81250
196000
ICAC ICC SCC RAA
© Russian Arbitration Association
Administrative fee ($)
23
1,000,001 5,000,001 10,000,001 100,000,000
17136
30576
41776
99376
21715
45015
57515
99215
15979
27794
34097
56303
700012000 12500
25000
ICAC ICC SCC RAA
© Russian Arbitration Association
Arbitration Costs: breakdown
24
ICAC ICC SCC RAA ICAC ICC SCC RAA ICAC ICC SCC RAA ICAC ICC SCC RAA1,000,001 5,000,001 10,000,001 100,000,000
Administrative expenses Average arbitrator's fees
25
© Russian Arbitration Association
Thank you!
Roman Zykov Secretary General Russian Arbitration Association
[email protected] www.arbitrations.ru