Procedural terms of adopting and enforcing an arbitral award

Practical significance of the topic of interest in terms of this article is driven by the desire of the interested party to an arbitral proceeding to restore his violated right (legitimate interest), by the efficient and immediate enforcement of the arbitral award. Comparative analysis of provisions of the arbitration law, conducted by the author according to the results of the arbitration reform allows making a conclusion of absence of regulatory procedural terms for the adoption and enforcement of an arbitral award. The article provides the analysis of the legal issues and procedural specifics of the adoption and enforcement of an arbitral award. The author substantiates the position on amendments to the current legislation of the Russian Federation. In conclusion, оn the basis of the analysis of the doctrinal and law sources, the author defines conceptual proposals for improving the provisions of the Federal law «On the arbitration (arbitration proceedings) in the Russian Federation».