Representation under the UNCITRAL rules

13 октября 2019

Nadmitov, Ivanov and Partners Law Firm provides protection of interests according to the UNCITRAL rules.

The main area of ​​application of the UNCITRAL Rules is ad hoc arbitration, that is, not associated with a specific arbitration institution. Accordingly, it resolves most of the procedural issues in a way that does not require the involvement of an arbitration institution.

Number of arbitrators: one arbitrator, but three arbitrators may be appointed

Cost: The arbitrators' fees and costs are determined on a reasonable basis, taking into account the amount in dispute, the complexity of the subject matter in dispute, the time spent by the arbitrators and any other relevant circumstances. There is a requirement for the reasonableness of all types of costs. Yo

Positive aspects: The new UNISITRAL Arbitration Rules came into force on 15 August 2010 and replaced the 1976 Rules. However, the parties can choose any version of the Rules for themselves.

Negative aspects: in the 2010 Regulations, the conclusion of an arbitration agreement is allowed in writing, however, these provisions are not implemented in Russian legislation, due to which an agreement concluded in a form other than written may be recognized by arbitration, but with the execution of such a decision on the territory of the Russian Federation Problems.

Timeframe: The UNCITRAL Rules do not specify the timeframe for the consideration and resolution of the dispute.

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