The Arbitration Court at St. Petersburg Chamber of Commerce and Industry has a number of advantages: An obligatory condition for referral of a dispute to the Arbitration Court is the parties' signing a documentary agreement.
The parties express their manifest consent to consideration of the dispute by the Arbitration Court at St. Petersburg Chamber of Commerce and Industry at the moment of signing of the agreement.
The below stipulation must be included in the arbitration agreement, as recommended: "All disputes arising in the course of execution of the present agreement (contract) or in connection with it or following from it are subject to final settlement by the Arbitration Court in accordance with the Regulations of the said court".
In the event of failure to comply with the judgement of the Arbitration Court voluntarily, the enforcement procedures envisaged by the legislation of Russia are used, and as concerns the judgements on foreign trade disputes – those envisaged by international conventions.
Page of The Arbitration Court at St. Petersburg Chamber of Commerce and Industry: Information on The Arbitration Court at St. Petersburg Chamber of Commerce and Industry in English [5]