In this article authors present their opinion on the private arbitration courts in Russian Federation functioning. Legal and organizational questions are examined, in detail questions of opening of private arbitration court, as well as its legal status. Status of the private arbitration court Judge, legal rights and guarantees in Russian Federation are presented, critical opinion of authors of the system is given. All of authors has experience in Private arbitration court's in Russian Federation work, including as judges, so has a chance to present not only basic information, but practice based experience and explained personal opinions. Authors are not limited to personal opinion, opinions of other judges, lawyers, experts, law-enforcement officers and other competent persons are presented. A special type of private arbitration courts in Russian Federation are International Commercial Arbitration Court. This type of courts is generally described, legal bases of its operation is presented along with some differences in its status. © IDOSI Publications, 2013.