UK Foreign Secretary James Cleverly visited the AIFC Court and IAC premises in Astana
The UK Foreign Secretary, The Rt. Hon. James Cleverly MP, visited the AIFC premises during his visit to Astana to the leadership of the Republic of Kazakhstan. He met Mr. Christopher Campbell-Holt, the Registrar and Chief Executive of the AIFC Court and IAC, with the AIFC Governor, Mr. Renat Bekturov, who explained how the AIFC and the AIFC Court and IAC work in practice and the significance for attracting foreign investment to Kazakhstan.
The AIFC Court and IAC continue to gain international recognition as the premier international commercial dispute resolution institutions in Eurasia.
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and the Caucasus. www.aifc.kz
The AIFC Court is an independent legal entity. It has its own procedural rules modelled on English common law procedures and leading international practice. The AIFC Court is separate and independent from the courts of the Republic of Kazakhstan. It consists of two tiers: a Court of First Instance, which includes a specialist division known as the Small Claims Court; and a Court of Appeal. It has exclusive jurisdiction over disputes arising out of the activities and operations of the AIFC and jurisdiction in the case of other disputes in which all parties agree in writing to give the AIFC Court jurisdiction. It does not have jurisdiction in relation to disputes that are of a criminal or administrative nature. It applies the most up to date and efficient case management practices. https://court.aifc.kz/
The International Arbitration Centre (IAC) is an independent legal entity. It has its own procedural rules modelled on best international practice. It has its own panel of leading international arbitrators and mediators having many years of arbitration and mediation experience in commercial law, including oil and gas, trade, construction, energy, financial services, banking, Islamic finance, insurance, and intellectual property. IAC arbitration awards are recognised and enforceable in Kazakhstan and internationally. https://iac.aifc.kz/