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The Ministry of Justice of Russia Deposited the Rules of the Maritime Arbitration Commission at the Russian Chamber of Commerce and Industry in a New Edition

In October 2023, the Russian Ministry of Justice deposited the new edition of the MAC Rules.

The following changes have been made:

- the competence of the MAC was clarified;

- the procedure for taking interim measures by the Chairman of the MAC is detailed;

- the amount of the arbitration fee has been reduced by establishing a scale;

- it is possible to submit a statement of claim in electronic format;

- the total amount of claims for consideration of a dispute by a sole arbitrator under the accelerated arbitration procedure has been increased to USD 50,000;

- the parties are given the opportunity to submit proposals for the candidacy of a sole arbitrator to the Nomination Committee.

The provision of an arbitration fee scale is a major change that market participants have been expecting for a long time.

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