Partnership Agreement between the International Arbitration Court for Transport and the Arbitration Court under the Moscow Chamber for Trade and Commerce

Co-operation Framework Agreement between the Arbitration Court under the Moscow Chamber for Trade and Commerce, represented by the Chairman Mrs.Marina Zinovievna Pak, and the International Arbitration Court for Transport at the Romanian Association of International Road Transport, represented by the Chairman of the Board Mr.Cristian Serban, was signed on July the 28-th 2016.
The parties expressed conviction that arbitration and arbitration proceeding will facilitate to increase trust and sustainability for trade relations between the Romanian and Russian individuals and legal entities, and to this have agreed to facilitate to promote arbitration proceeding and other alternative methods of commercial disputes resolution.
Within framework of the Agreement the parties will exchange information on international and national legislation, international arbitration practice, organize and hold joint events (round tables, symposiums, presentations, seminars), interact in course of mutual visits.
Having considered that the Republic of Romania and the Russian Federation are the participants to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 10 June 1958, the parties will render mutual assistance to protect interests of trade, business and business entrepreneurship in Eurasia.