HKIAC becomes first foreign institution permanently 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 arbitral institution authorised to administer international disputes seated in Russia. This includes 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.