RUSSIAN FEDERATION

Annex 1
to LAW ON INTERNATIONAL COMMERCIAL ARBITRATION

STATUTE ON THE COURT OF INTERNATIONAL
COMMERCIAL ARBITRATION AT THE CHAMBER OF COMMERCE AND INDUSTRY
OF THE RUSSIAN FEDERATION

(1) The Court of International Commercial Arbitration is an independent permanently functioning arbitral institution (third-party tribunal) that carries out its functions in conformity with the Law of the Russian Federation on International Commercial Arbitration.

The Chamber of Commerce and Industry of the Russian Federation approves the Rules of the Court of International Commercial Arbitration, the schedule of arbitration fees, the rates of arbitrators' fees and other expenses of the Court, and assists the Court in other ways to discharge its duties.

(2) Pursuant to an agreement of the parties, the following may be referred to the Court of International Commercial Arbitration:

- disputes resulting from contractual and other civil law relationships arising in the course of foreign trade and other forms of international economic relations, provided that the place of business of at least one of the parties is situated abroad; as well as

- disputes arising between enterprises with foreign investment, international associations and organizations established in the territory of the Russian Federation, disputes between their participants, as well as their disputes with other legal entities in the Russian Federation.

Civil law relationships, resulting in disputes that may be referred to the Court of International Commercial Arbitration include, in particular, any transactions for the sale/purchase(delivery) of goods, contracts of service and labor, exchange of goods and/or services, carriage of goods or passengers, commercial representation and agency, leasing, scientific-technical exchange, exchange of other results of intellectual activity, construction of industrial and other works, licensing operations, investment, financing, insurance, and joint ventures and other forms of industrial and business cooperation.

(3) The Court of International Commercial Arbitration shall also hear disputes subject to its jurisdiction by virtue of international treaties of the Russian Federation.

(4) The Court of International Commercial Arbitration at the Chamber of Commerce and Industry of the Russian Federation is the successor of the Arbitration Court at the USSR Chamber of Commerce and Industry, established in 1932, and has the authority, in particular, to settle disputes under agreements of the parties referring to the Arbitration Court at the USSR Chamber of Commerce and Industry.

(5) An award of the Court of International Commercial Arbitration shall be carried out by the parties voluntarily within the time limit determined by the Court. If the award does not indicate ant time limit, it shall be carried out immediately. Awards not carried out within the applicable time limit shall be enforced in accordance with the law and international treaties.

(6) In matters subject to the jurisdiction of the Court of International Commercial Arbitration, the Chairman of the Court may, at the request of a party, determine the amount and the form of the security for a claim.