Transnational Dispute Settlement at the International Commercial Arbitration Court at the Russian Chamber of Commerce and Industry
The International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation (the ‘ICAC’) is a recognized arbitral institution based in Moscow that has a long experience of administering transnational commercial arbitrations. Most frequently disputes decided by the ICAC tribunals arise out of commercial contracts of sale of goods, services, works, and lease. This paper tracks step-by-step the past of the ICAC which came into being and earned international recognition in the early period of Soviet history. The paper offers an overview of the most significant features of ICAC’s present status, organization and proceedings, in the light of the recent arbitration law reform in Russia, and presents related statistical data. The issues of applicable law and composition of the arbitral tribunals are also given due attention. The paper discusses why this arbitral institution deserves special attention when choosing a dispute resolution procedure in a case involving at least a party related to Eastern Europe and CIS.