Court of Arbitration of ARB

Court of Arbitration of the Association of Russian Banks was founded by the Association of Russian Banks in 1993. Simultaneously the Council of the Association adopted the Regulation about Court of Arbitration, Standing orders of Court of Arbitration and the provisional list of judges.

Court of Arbitration of ARB is the body that carries out functions of permanently acting court of arbitration on reconciliation of the parties and settling arguments between the parties that can be the subject of arbitration hearing.

Court of Arbitration of ARB settles arguments arouse due to or in connection with the activities of banks and other credit organizations, other arguments with participation of juridical and physical persons including foreign ones if the opportunity to appeal to the Court of Arbitration of ARB is stipulated in the written agreement of arguing parties.

For the time of its existence since 1993 Court of Arbitration of ARB has tried in total about 400 civil-legal arguments mainly connected with non-execution of agreements about giving loans, bails, obligations, agreements about cooperation on interbank market, deals connected with derivative financial instruments as well as sale and purchase (delivery) of goods and products with participation of physical and foreign juridical persons.