Russian Ministry of Justice grants ICC Permanent Arbitration Institution status
ICC Albania2021-07-21T22:10:05+02:0019 May 2021: The International Court of Arbitration of the International Chamber of Commerce has announced that it has been granted the status of Permanent Arbitration Institution by the Council for the Development of the Arbitration Process of the Ministry of Justice of the Russian Federation. As a Permanent Arbitral Institution, the ICC International Court of Arbitration will administer Russian-seated international arbitrations, enabling parties to seek enforcement of ICC arbitral awards in Russia without risk of the enforcement being recognised only as an ad hoc award, or other obstacle. PAI status also allows the ICC Court to administer Russia-related arbitrations arising