Stans Energy Corp V.HRE.H

MCCI

[saltchuk]

Arbitration at the Moscow Chamber of Commerce and Industry which is one of the leading permanent arbitration courts examines economic disputes between residents and non-residents of the Russian Federation arising in the course of business practice in accordance with the legislation of the Russian Federation, intergovernmental and international agreements according to the procedure provided for by the Rules of the Arbitration, subject to a valid arbitration agreement on the jurisdiction of the MCCI Arbitration over the dispute.
 
Arbitrators of the MCCI Arbitration are outstanding law scholars, merited legal practitioners having an extensive experience in examination of civil disputes.    

Advantages:

• Expeditious examination of disputes
• High professional level
• Guaranteed confidence from governmental and business entities

Essential features:

• Freedom to choose arbitrators (a panel of arbitrators or a sole arbitrator) for resolution of a specific dispute, including those arbitrators who are not on the Arbitration’s list of arbitrators
• Confidentiality of dispute resolution. Presence of third parties during arbitral proceedings and publication of the award is allowed only with the consent of the parties to a dispute
• Possibility to change a procedure. When making an arbitration agreement the parties may amend the arbitration procedure
• Strict enforcement of awards. An arbitral award shall be immediately enforced within the time limit specified by the Arbitration
• Incontestability of awards. An arbitral award is final and is not subject to revision on the merits