Enforcement of Arbitral Awards

04.03.2013, Dmitri A. Lubomudrov, Anastasia G. Yakovleva
Enforcement of Arbitral Awards
Russian law sets a limited list of valid reasons for setting aside or refusing the enforcement of arbitral awards by courts of general jurisdiction or arbitrazh (commercial) courts. Reversal of arbitral awards is not allowed. In this respect, arbitral awards have preference over court judgments to the extent that the law provides more opportunities for challenging the judgments. Unfortunately, arbitration is not infrequently used as a mechanism for attaining very specific and sometimes unseemly business purposes.