Over a span of five
years, the AIFC Court and the International Arbitration Centre (IAC) in Astana
processed over 2,200 cases. All decisions related to these cases have been
fully implemented to date. To be more precise, disputes were successfully
mediated in 1,748 agreements, 74 court decisions and 447 arbitration rulings.
Representatives of the International Arbitration Centre presented the outcomes
of their work at the IAC Eurasia Arbitration Days. Over a three-day period in
Astana, leading experts from Kazakhstan, the U.S., the U.K., Europe and Asia
will be discussing trends and international practices in decision-making.
Additionally, arbitrators and mediators will hold training sessions and
masterclasses for business representatives, investors and legal professionals.
“This court and
this arbitration center, which is now playing a really, genuinely critical role
in the final decision in the minds of international investors to come to
Kazakhstan. They now know us and they trust us, they are telling us that and
they are putting us into business contracts. So, and if they have a problem,
when they are having the business development and business deals in Kazakhstan,
which happens to any business anywhere in the world, they know they will be
protected by justice that is independent, impartial, and applies a very very
highest most trusted standards internationally of the rule of law. This
conference is enormously important not just for our arbitration center at the
AIFC, but for Kazakhstan and for the wider Eurasian markets,” said Christopher
Campbell-Holt, Registrar and Chief Executive of AIFC Court and IAC.
It bears noting that the AIFC Court and the International Arbitration Centre apply principles and norms of English law to resolve disputes in the commercial and investment spheres. At the same time, arbitration proceedings involve top international experts who have been protecting investors’ rights in the country since 2018. This establishes Kazakhstan as a real arbitration hub for the entire Eurasian region, according to foreign specialists.
