Law stated as at 05 May 2010 • International, Russian Federation
Maxim Kulkov (Partner), Goltsblat BLP
The Russian Federation's Supreme Arbitration Court has ruled in favour of granting interim measures in support of international commercial arbitrations which have their seat abroad, finally resolving the debate as to whether the Russian courts can rely on Article 90(3) of the Russian Arbitrazh Court code.
The Supreme Court decision has finally resolved the debate as to whether the Russian courts can rely on Article 90(3) of the Russian Arbitrazh Court code to grant interim measures in support of international commercial arbitrations which have their seat abroad. Article 90(3) provides that interim measures can be granted by the arbitrazh court upon application by a party to the arbitration proceedings at the place of arbitration, or at the place where the debtor is located or has a place of residence. Due to the uncertainty in the terminology of the code, there has previously been a strong belief that Article 90 only applied to domestic arbitrations. However, the recent Supreme Court decision confirms that the Russian courts can grant interim measures with regard to foreign arbitrations as well.