1. Economic Cooperation in the Northeast Asia
... waters of the Russian Federation. At the end of December 1995 the Russian Government strengthened its own competence and control over the exploitation of natural resources. According to the revised law on production sharing, in the case where a conflict occurs between the both parties of the contract the competence of arbitration belongs to an international arbitrating organization. But according to the Russian civil code, the competence of arbitration belongs to the Russian judiciary ... authorities. Undoubtedly there is a contradiction between the two laws. The existence of such contr...
- Word Count: 3602
- Approx Pages: 14
- Has Bibliography
- Grade Level: Undergraduate