On September 20, under the auspices of IX BRICS Legal Forum a session was hosted dedicated to the resolution of cross-border commercial disputes in the BRICS countries. The central event of the session was the presentation of the BRICS+ Arbitration Mechanism (BRICSAM) project, which was developed jointly with the Association of Lawyers of Russia and foreign BRICS partners by a special Working Group of the Arbitration Centre at the Russian Union of Industrialists and Entrepreneurs.

Alexander Grebelsky, Chairman of the Panel of the Arbitration Centre at the RSPP for International Disputes, Ph.D., Senior Professor of the Department of Private International and Civil Law at Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation, explained in his report that at the initiative of the Indian colleagues in 2014 the work began on the creation of a supranational BRICS arbitration centere however later it was decided to abandon this idea in favour of developing a delocalised mechanism involving the leading arbitration institutions of each of the BRICS countries.

So far, several basic documents have been drafted to regulate the activities of the future arbitration mechanism:

1. Agreement among arbitral institutions to establish a single consolidated arbitration mechanism;
2. BRICS+ Arbitration Mechanism Rules (BRICSAM Rules);
3. Recommended Arbitration clause for the referral of disputes under the BRICS+ Arbitration Mechanism Rules.

The creation of an own institutional system is planned within the mechanism including BRICSAM's advisory body – the International Council and including the establishment in each national arbitration institution of a BRICS+ National Nomination Committee. Disputes will be resolved by arbitrators from BRICS countries included in a single roster of arbitrators.

National bar associations and allied arbitral institutions are currently working on their comments to the proposed project of arbitration mechanism. These comments are scheduled to be discussed at a joint working meeting in January 2025.

Due to the growing cooperation of the BRICS countries in the field of international trade, the creation of a unified arbitration mechanism is becoming an increasingly urgent task.