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The role and significance of international arbitration in the formation of a modern legal system in Russia

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Chapter Summary

As a means of alternative dispute resolution involving foreign trade activities, international commercial arbitration has always played a more notable role in Russia compared to the situation characteristic of a majority of other states, in particular of western states with highly developed judicial systems. The provisions of the new Civil Code of the Russian Federation began to be applied by the International Commercial Court of Arbitration (ICCA) immediately after they entered into force. An important element in the analysis of international commercial arbitration in Russia is the fact that, according to long-standing tradition, the international court of arbitration most often applies conflicts norms effective at the location in which a dispute is being heard, that is, under present conditionsRussian conflicts of law norms. A significant stage in the development of Russian private international law was marked by the new provisions of the 1991 Principles of Civil Legislation.

Keywords: International Commercial Court of Arbitration (ICCA); modern legal system; private international law; Russian civil law



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