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President Vladimir Putin signed the Code of Arbitration Procedure and the Federal Law on Courts of Private Arbitration

July 25, 2002

The new Code of Arbitration Procedure and the Federal Law on Courts of Private Arbitration will exercise a substantial positive influence on the creation of a favourable investment climate in Russia.

The enactment of these legislative documents will soon put an end to the faulty practice of the same disputes between commercial organisations being considered by different courts and often awarded dissenting rulings.

July 25, 2002