Russia is preparing to join the Convention on the Recognition and Enforcement of Foreign Judgements in Civil or Commercial Matters of 2 July 2019.
On 19 October 2020 The Ministry of Justice of the Russian Federation together with the Ministry of Foreign Affairs of the Russian Federation, the Supreme Court of the Russian Federation and other authorities submitted to the Government of the Russian Federation documents proposing to sign the Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters of 2 July 2019.
In case of a positive result (ratification), the Convention provides:
– a list of cases in which the courts of one state which ratified the Convention undertakes to recognize and enforce the decision made a court of another state which also ratified it;
– grounds for refusal to recognise and enforce a decision of a foreign court.
These provisions will increase the guarantees of enforceability of foreign court decisions in Russia and of Russian court decisions abroad.
Meanwhile Juralink is already actively assisting its clients in enforcement of foreign court and arbitrage decisions in Russia without waiting for the ratification of the above Convention but using the possibilities provided by international treaties at present.