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Russian Federation
On Oct. 26, 2006 a new antimonopoly law – Federal Law No. 135-FZ of 26 July 2006 "On Protection of Competition" – came into force in Russia. The law that it replaces was enacted more than 15 years ago and, despite numerous amendments, was hardly able to continue regulating the actively emerging Russian market.
By Maxim Kulkov
Foreign arbitration awards are recognized and enforced in Russia by virtue of international treaties to which Russia is an assignee or according to the principle of reciprocity.