AIFC Court and IAC held their second Users’ Committee meeting of 2023

The AIFC Court and IAC held their second AIFC Court and IAC Users’ Committee meeting of 2023. The Users’ Committee enables users and potential users of the AIFC Court and IAC to hear first-hand and contribute to the development of the dispute resolution services provided by the AIFC Court and IAC. Members of the Users’ Committee include senior lawyers from international, Eurasia-wide, and Kazakhstan law firms, and from the AIFC Bodies.

At the meeting, members discussed the AIFC Court’s and IAC’s updated results which include 2,201 cases successfully resolved via litigation, arbitration and mediation. Of particular note were discussions about a new Code of Conduct for Lawyers’ representing parties in litigation at the AIFC Court, and a new practice direction which is being drafted to assist lawyers with the preparation of international standard documents for AIFC Court and IAC case proceedings.

At the end of the meeting, enhanced cooperation was agreed between the AIFC Court and IAC and the President of Narxoz University, Mr. Miras Daulenov, including further training to be provided by the AIFC Court and IAC to Narxoz law students and wider participation by Narxoz law students in AIFC Court and IAC internship and mooting programmes. The campus of Narxoz University in Almaty, Kazakhstan, with its world class Court hearing room and meeting rooms, is home to ‘AIFC Court and IAC Almaty’, which was launched in 2022. The first case at ‘AIFC Court and IAC Almaty’ was held in 2022 before Justice The Rt. Hon. The Lord Faulks KC. ‘AIFC Court and IAC Almaty’ was launched to provide maximum ease and convenience in AIFC Court and IAC dispute resolution proceedings for investors based in Almaty.

The AIFC Court and IAC launched similar physical hearing premises with their partners in eight additional countries in Eurasia from which investors can seek resolution of commercial disputes connected to investments in Kazakhstan: Armenia, Azerbaijan, Georgia, Kyrgyzstan, Tajikistan, Turkey, Turkmenistan, and Uzbekistan. This ‘Expansion Initiative’ was launched to further enhance the AIFC Court’s and IAC’s accessibility and user friendliness to investors coming to Kazakhstan from Eurasia countries and to enhance the AIFC Court’s and IAC’s recognition as the ‘international gold standard’ commercial dispute resolution institutions in Eurasia.

Go back to news