Green Light: Russia Grants The ICC And SIAC The Status Required To Administer International Commercial Arbitrations In The Country

On 18 May 2021, the Russian Ministry of Justice granted the status of Permanent Arbitration Institution (PAI) to the ICC International Court of Arbitration and the Singapore International Arbitration Centre, thereby facilitating arbitrations administered by these institutions and the enforcement of the ensuing awards in Russia. Aleksandra Dziki analyses this development and its likely impact on the arbitration environment in Russia in an article published by Mealey’s International Arbitration Report on 24 January 2022.