Corporate News

Vladimir Komarov became the arbitrator at the ICAC at the RF CCI

By 28.07.2018 No Comments

Managing Partner Law Firm «Legal Studo» Vladimir Komarov, was appointed arbitrator for  internal (Russian residents) disputes at the ICAC ( International Commercial Arbitration Court) at the RF CCI (Chamber of Commerce and Industry) (Order of June 4, 2018). 

On November 1, 2017, the transitional period of the reform of arbitration proceedings in Russia was completed. From that moment on, it is up to the institutions that were set up under non-profit organizations and received special permission to administer the arbitration itself, that is, to elect and appoint arbitrators, and conduct office work.

In Russia to date, there are only four such arbitration Institute. The ICAC at the RF CCI is included in this list.

The reform of the arbitration in the Russian Federation allows us to bring the system of Russian arbitration to the world standards.

International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation  (ICAS)  – the leading permanent arbitration institution in Russia, which administers mainly international commercial arbitration, the assignee of the Foreign Trade Arbitration Commission, formed under the All-Union Trade Ward in 1932. The ICAC is one of the largest and most authoritative arbitration centers in the world, recognized by both domestic and foreign entrepreneurs.

Since 1999, the ICAC is a member of the International Federation of Commercial Arbitration Institutes (IFASI).

In 2017 the ICAC turned 85 years old. In total, over 10,000 cases have been considered over the years.

More details on the competence of the ICAC can be found here