[MUSIC] As an alternative to state court, a case, maybe referred to a commercial arbitration. It should be noted that Russian Federation has dual arbitration regime. The law the Russian Federation on international commercial arbitration govern international commercial arbitrations where the seat of arbitration is Russia. The federal law on commercial arbitration, arbitration proceedings in the Russian federation applies to domestic arbitration were certain provisions applied to international commercial arbitrations. A commercial arbitration can be ad hoc or institutional commercial arbitration. Ad hoc arbitrations are not very popular in Russia. As a general rule all disputes are trouble if otherwise not provided by the federal law. Disputes which may not be referred to a commercial arbitration are listed in the court of arbitral procedure or the Russian Federation and in the court of civil procedure of the Russian Federation. They are disputes concerning its solvency, disputes arising out of administrative cases and other public relations. Certain types of corporate disputes, disputes regarding privatization of state or municipal property. Disputes arising out of public procurement, family disputes, employment disputes and some others. So we can say that a commercial arbitration has arrived to resolve generally disputes between individual businessmen and legal entities. A dispute maybe considered by commercial arbitration only if there is an arbitration agreement between the parties. An arbitration agreement should be in writing and should fall to a specific legal relationship. It may be a part of corporate charter or registered [INAUDIBLE] rules. It may cover existing or future disputes whether contractual or not. There are normal debtor rules for conducting commercial arbitration. The mentioned law provides only framework for conducting commercial arbitration. The basic principles are equal treatment of the parties and the right to be heard. To the rest, the parties of the commercial arbitration may agree upon applicable procedural rules. If there is no parties agreement about applicable procedural rules, a commercial arbitration may conduct an arbitration in the manner it considers appropriate. In arbitration agreements, the parties may agree that an arbitral award is final for them. A final arbitral award is not a subject of consolation. If an arbitration agreement does not provide that an arbitral award is final. It may be overturned by a state court on the ground which are listed in the Court of Arbitration Procedure of the Russian Federation and in the Court of Civil Procedure or the Russian Federation. And arbitrary word is recognized as binding and is a subject to immediate execution if other deadline is established in it. Even a arbitral award is not executed voluntary, it can be enforced. There is no special structure to enforce arbitral awards. Arbitral awards are enforced by the state belief service, after they are recognized and ordered to be enforced by state courts. An execution party submits to a competent court a statement in writing. As a rule, Russian court may not review an arbitral award on its merit. The grounds to not recognized an arbitral awards is determined in the court of arbitration procedure of the Russian Federation and in the court of civil procedure of the Russian Federation. Having recognized an arbitral award, a competence state court issues a rid of execution. And an execution party submits this document to the state belief service. As regarding the mediation procedure, it has been recently introduced. It hasn't become popular yet. The mediation procedure means dispute resolution procedure with the mediation assistant on the basis of parties belongs to the consent. The mediation procedure is determined by the federal law on an alternative procedure for dispute resolution with the participation of an Intermediary Number 193-FZ of 27th of July, 2010. The mediation procedure can be applied to civil disputes, including disputes arising from economic relationship, labor disputes, except for collective employment disputes, and family law disputes. However, the mediation procedure is not applicable if a dispute effects public interest or rights or interests of a third parties that are not involved and participating in the mediation procedure. The mediation agreement concluded as a result of the mediation procedure can not be judicially enforced and is subject to voluntary performance by the parties,
