|Date of signature
|29 December 1958
|Date of ratification
|24 August 1960
|Date of entry into force
|22 November 1960
When ratifying the NYC, the USSR made a reciprocity reservation in the following terms: “The Union of Soviet Socialist Republics shall apply the provisions of this Convention in respect of arbitral awards made in the territories of non-contracting States only to the extent to which they grant reciprocal treatment.”
|Instrument of ratification
Decree of the Presidium of the Supreme Soviet of 10 August 1960 on the Ratification of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards. The Russian Federation continues, as from 24 December 1991, the membership of the former Union of Soviet Socialist Republics (USSR) in the United Nations and maintains, as from that date, full responsibility for all the rights and obligations of the USSR under the Charter of the United Nations and multilateral treaties deposited with the Secretary-General.
|National Arbitration Act in force
|Domestic Court with jurisdiction over recognition and enforcement of foreign award
An arbitrazh court of the constituent entity of the Russian Federation, where the debtor is located or domiciled; or, when the debtor’s location or domicile is unknown, an arbitrazh court of the constituent entity of the Russian Federation, where the debtor’s assets are located.
|Author(s) and Contributor(s)
Andrei Solin (Gaillard Banifatemi Shelbaya Disputes)
Russian Parliament: http://www.duma.gov.ru [Available in Russian]
Stanislav Nikolukin / Глава 15. Признание и приведение в исполнение решений международного коммерческого арбитража [Translation: Chapter 15 - Recognition and Enforcement of Foreign Arbitral Awards] / International Civil Process and International Commercial Arbitration, Justitia, Moscow, 241 (2017) - 2017