HKIAC becomes first foreign arbitrate institution accredited to hear disputes in Russia

The Hong Kong International Arbitration Centre (HKIAC) has been approved as a permanent arbitration institution in Russia and became the first international arbitrate institution authorised to administer international disputes seated in Russia; disputes between parties from any special administrative region as defined under Russian law or disputes arising from agreements to carry out activities in any such region; and, certain types of corporate issues related to Russian companies.