The International Arbitration Case at AMCA was Resolved in Just Six Months

In a major international arbitration case concerning a supply agreement concluded between legal entities registered in the Russian Federation and the Republic of Armenia, a final arbitral award was rendered in just six months following the constitution of the arbitral tribunal.

The dispute was administered under the Arbitration Rules of the Arbitration and Mediation Center of Armenia (AMCA) and was conducted in the Russian language. During the proceedings, the arbitral tribunal also issued an interim award granting the claimant’s request for interim measures. The decision on interim measures was subsequently recognized by the Court of First Instance of General Jurisdiction of Yerevan and was later submitted for compulsory enforcement. This demonstrates both the effective exercise of the arbitral tribunal’s powers and the practical enforceability of interim awards rendered under the AMCA Rules.

In its final award, the arbitral tribunal partially upheld the claimant’s claims, while also providing a comprehensive and well-reasoned analysis of the allocation of arbitration costs. Of particular note is that the tribunal granted the claimant’s request for recovery of legal fees, awarding an amount equal to 5% of the sum granted in favor of the claimant. This approach represents a significant development and an innovative step within Armenian legal culture and arbitration practice, highlighting the evolving role and involvement of legal counsel in arbitral proceedings.

The above case clearly demonstrates that AMCA possesses the necessary professional and institutional capacity to effectively administer complex international arbitration cases, ensuring both procedural efficiency and the legal soundness and enforceability of its awards.