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Clifford Chance

Clifford Chance


Hong Kong International Arbitration Centre To Be Conferred Status Of Permanent Arbitral Institution In Russia (English)

18 April 2019

By 25 April 2019 the Hong Kong International Arbitration Centre (the "HKIAC") is to be included on the list of foreign arbitral institutions recognised in Russia as permanent arbitral institutions ("PAI"). The HKIAC will be the first foreign arbitral institution to be conferred the status of a PAI. This means, among other things, that from a Russian law standpoint it should be possible to refer certain types of corporate disputes related to ownership of shares and participation interests in Russian companies to the HKIAC for resolution.

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