"International Commercial Arbitration" (based on NY Convention)

Your client is based in England. Your client is planning to enter into a contract with a Russian company. Your client has asked you for advice as to whether the client should provide in the contract with its Russian counterparty for disputes to be resolved through litigation or arbitration. Draft a memo to your client to advise them of the pros and cons of resolving a dispute through arbitration as opposed to litigation. You should assess and evaluate the pros and cons of Article V barriers to enforcement under New York Convention, factors that practitioners of arbitration value, and any specific issues in respect of enforcement related to Russia.