20 May 2021
SIAC Licensed to Administer Disputes in Russia

The Singapore International Arbitration Centre (SIAC) is pleased to announce that the Ministry of Justice of the Russian Federation has granted approval for SIAC to be registered as a permanent arbitral institution (PAI) under Russia’s Federal Law on Arbitration.

As a PAI, SIAC is authorised to administer international commercial arbitrations where the seat of arbitration is Russia. In particular, SIAC is authorised to administer certain types of ‘corporate disputes’ as defined in Russian law, that is, disputes arising out of the ownership of shares in Russian legal entities or the management thereof. This is relevant in respect of post-M&A disputes relating to Russian companies because many such disputes (including disputes arising from shareholders’ agreements, joint venture agreements, share sale, pledge and option agreements), qualify as ‘corporate disputes’ and can only be referred to licensed institutions.

The Press Release may be read in full here.

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