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BC&C enhances ties with Russian arbitration body

Moscow, 27 June 2018: Boase Cohen & Collins Senior Partner Colin Cohen has hailed Russia’s growing reputation as a centre of excellence for international arbitration after meeting leading lawyers in Moscow.

Mr Cohen attended the annual Summer Drinks gathering of the Russian Institute of Modern Arbitration (IMA), using the occasion to catch up with business associates and met some of the legal professionals behind Russia’s burgeoning arbitration scene.

“It was an excellent networking event and well worth attending, particularly since the IMA recently entered into an Agreement of Co-operation with the Hong Kong International Arbitration Centre [HKIAC] to collaborate in promoting arbitration as a preferred method of dispute resolution,” said Mr Cohen.

“Business ties between Russia and Hong Kong are thriving. Russian companies have been allowed to list on the Hong Kong stock exchange since January 2016 and last year the two jurisdictions implemented an agreement to avoid double taxation. Bilateral trade increased by 53 per cent last year while the number of Russians living in Hong Kong is growing and is now estimated to be almost 1,000.

“Clearly, it is in the best interests of Boase Cohen & Collins to enhance our links with Russia and arbitration is a key practice area in this respect,” added Mr Cohen, who is a Fellow of the Hong Kong Institute of Arbitrators and a member of the Panel of Arbitrators of the Law Society of Hong Kong.

The IMA and HKIAC agreed last March to co-organise conferences, workshops, training programmes and other events related to international arbitration. They also pledged to share relevant technologies, experience and knowledge about best practices in such matters as the conduct of arbitrations and responding to cybersecurity and data protection challenges.

SummerDrinks PHOTO

Colin Cohen (third left) is pictured at the Russian Institute of Modern Arbitration event in Moscow.