As of 1 July 2014, the Russian Arbitration Association is operational, acting as an administering body and competent appointing authority for domestic and international commercial disputes submitted to arbitration according to the UNCITRAL Arbitration Rules. The RAA will serve these functions in accordance with the Regulations for Arbitration Proceedings Administered by RAA, adopted on July 1, 2014.
Parties pursuing arbitration administered by the RAA must have concluded a valid arbitration agreement referring to the RAA. The RAA offers the following model arbitration clause as a basis for such an agreement:
“Any dispute, controversy or claim arising out of or relating to this contract (including out of non-contractual obligations arising in connection with this contract), including regarding the existence, execution, interpretation, performance, breach, full or partial termination or invalidity thereof, shall be settled by arbitration in accordance with the UNCITRAL Arbitration Rules and the Regulations for Arbitration Proceedings administered by the Association for the Promotion of Arbitration, which is registered in Moscow, Russia (the "Russian Arbitration Association" or the "RAA").
Recommended additions to the arbitration clause:
The rendered arbitral award will be final and binding on the parties.
The parties hereby waive their right to challenge the arbitral award to the extent permissible by the applicable law”
The Russian Arbitration Association was founded in April 2013 in Moscow to bring together legal practitioners, law firms and academics in the interest of advancing international arbitration in the Russian Federation and CIS. The Association represents the broad interests of the business, legal and education communities engaged in alternative dispute resolution.
The main objective of the Association is the administration of domestic and international commercial disputes, cooperation in the development of arbitration in the Russian Federation and other CIS countries, popularizing Russia as a venue for arbitration, the promotion of Russian arbitrators at the national and international levels, and the promotion of foreign arbitrators with experience in arbitral proceedings directly or indirectly related to Russia and other CIS countries.
In order to achieve its aims, the RAA:
The Russian Arbitration Association is governed by its:
The RAA supports a professional group for young arbitration practitioners -- RAA40 – the goal of which is to promote arbitration and educate lawyers on alternative dispute resolution.