More than $25 billion in investment has been attracted to Kazakhstan through the Astana International Financial Centre (AIFC). Prospects for further strengthening the country's investment appeal were discussed in the capital during Eurasia Arbitration Week. The event brought together around 600 delegates from the United Kingdom, the United States, France, Italy, Germany and other countries. Participants noted that one of the key drivers of business and investor confidence is the reliable protection of their rights, ensured by the AIFC Court and the International Arbitration Centre (IAC). Over the past 8.5 years, the two institutions have handled approximately 5,000 disputes involving companies from more than 40 countries. The country's new Constitution also provides an additional safeguard for investors' rights, ensuring predictability and economic stability.
«I think one of the advantages of a country like Kazakhstan, its location, its resources, its history, is to play a role across Central Asia, across Eurasia. And efforts like this, improving the rule of law, improving access to justice, make Kazakhstan so much more attractive,» said Kabir Duggal, lecturer at Columbia Law School.
«We have transcription. It's English and Russian languages on the screen, which is critically important for proper court arbitration centers. It is the e-Justice being improved and updated for this year, and its early neutral evaluation for later this year, all using the best of AI. We really are working hard together with the world to put Astana on the map for what we're doing,» said Christopher Campbell-Holt, Registrar and Chief Executive of the AIFC Court and IAC.
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