Christina Lienen contemplates what the possible implications for international commercial arbitration may be in event of the UK leaving the European Union.
The Federal Law “On Arbitration in the Russian Federation” N 382-FL and The Federal Law “On Changes to Certain Laws of the Russian Federation” N 409-FL came into force on 1 September 2016. Some of the changes brought by the new laws are discussed in this article.
Arbitration represents a non-judicial procedure for dispute settlement where a party’s consent plays the central role in its regulation. Nevertheless, the state’s courts also play an important role as they provide support to arbitration and at the same time ensure protection of a party’s rights.