Recognition and enforcement of foreign arbitral awards in the practice of Russian courts

Abstract

Abstract : This research deals with the foreign arbitral award, its nature, and the procedures for recognizing and implementing foreign arbitral awards in general and on the territory of the Russian Federation in particular. It also sheds light on the most important major international agreements in this field and their impact on developing the Union’s internal laws to facilitate implementation and the extent of the impact of the Convention on the Implementation of Foreign Arbitral Awards ( New York) of 1958 enacting the Russian Federation Arbitration Procedures Law of 2002 currently in force within Russia.