International Arbitration Center – Moscow

International Arbitration Center – Moscow
The new International Arbitration Center (“IAC”) is established in Moscow, the major economic center in the crossroads between the Asia and Europe. The IAC will work on resolving disputes, providing stability and predictability of disputes. The disputes will be resolved efficiently and in a business friendly manner to foster continued development of the business ventures and activities.
The Center is established to resolve international disputes in various spheres and development of the international commercial jurisprudence in the 21st Century. The Center will also resolve disputes within the RF. With the formation of the international economic blocs, unions, and development of the new technologies hereinbefore unknown to humanity, we are faced with new challenges in the global order, especially in the sphere of economics which affect the people around the world. Innovative approaches grounded on solid international jurisprudence and best practices are needed to spearhead into the new legal order. The increasing interaction, interdependence, exchange of services, goods and cultures, the new challenges to maintain order and foster growth is paramount to avoid chaos and instability. The IAS will spearhead the development of jurisprudence and best practices.
Needs
BUILDING
The center needs a reputable building, or several floors in an already existing building. The premises for IAC should have conference rooms for large hearings, meetings and offices for the administrative staff and managers.
Initial administrative staff
In the beginning, the center should have two receptionists, four practice group managers, one bookkeeper, one IT specialist, a general manager and an executive manager, total of 10 administrative employees.
Advisory board & committees
In the beginning, the administrative workers will work closely with the Advisory Board of the Center, which will be in charge of the setting the Rules and Procedures of IAC and the best practices to be followed. The Advisory Board will be compromised of four attorneys and be chaired by Souren A. Israelyan.
The Center, through its Advisory Board, will form committees from heads of international arbitration practices of large to medium law firms in all continents and major economic centers to participate in the committees for the development of the best practices and jurisprudence in resolving legal disputes in the particular practice areas. Eight or more committees will be created, including:
Rules and Procedures of the Center
Trade
New Technologies/AI/AV
Intellectual Property
Financial Markers
Energy & Mining
Investment
Space and Aviation
The list of committees stated herein are not exhaustive and the list may grow based on the needs expressed, the size of the economic activity and the volume of disputes that exist or expected to arise.
The committees, at the guidance of the Advisory Board, will form rules for their prospective areas, identify the existing and emerging issues, the countries active in the particular industries and areas of disputes, the existing legal frameworks for resolving the disputes, the advantages and disadvantages of the existing legal frameworks, the areas of economic development in the particular areas, the best practices around the world, and challenges facing the industries.
The committees will meet three to four times a year in Moscow to go over the work done. An effort should be made to have committees from members of the bars from various geographic areas, races and sexes. Both academicians and practitioners may be a member of the committees. It is expected that the committee members will bear their own costs and expenses. However, certain travel and lodging expenses and stipend may need to be allocated.
While the Committees are working, the Center may determine disputes as soon as its Rules and Procedures are set. Major decisions of the Center will be published and will have precedential value. International disputes must be published and distributed to the parties both in Russian and English, and if chosen by the parties for their convenience, in the language of their choice.
ADMINISTRATION
The Center needs professional administrative staff, which will work on setting up:
Business friendly and easy to use website. The website should allow some disputes to be submitted via internet.
The work stations should include people in charge of particular practice groups, accepting the disputes, communicating with parties, assigning the disputes to the approved or chosen arbitrators, setting the hearings, collecting the funds, distributing the decisions, etc. The practice groups will be based in the areas of the Committees, e.g., Energy & Mining, Trade, Banking & Finance, etc.
Budget (for two years)
Building/Premises – (Fill in the number)
Office Set Up/Renovation/Supplies — (Fill in the number)
10 Administrative Personnel salaries — (Fill in the number)
Chairman of the Advisory Board — $2 million for two years (20 hours a week X 50 weeks per year [1000 hours] X $1000 per hour)
4 Advisory Board Members — $2 million (10 hours a week X 50 weeks [500 hours] X $500 per hour)
Other (receptions*, publications, travel &
lodging, website, stipends, public relations, etc.) — $1 million
Total: approximately $10 million (excluding the building)
*One of the receptions will be held at the United Nations Headquarters in New York. At this reception, members of 50 or more countries will be invited to attend. This reception should be held after two or three meetings of the Committees had been held in Moscow.