The AIFC Court and IAC agreed cooperation with the new Constitutional Court of the Republic of Kazakhstan which commenced operations in January 2023
The AIFC Court and IAC agreed cooperation with the new Constitutional Court of the Republic of Kazakhstan which commenced operations in January 2023. The AIFC Court and IAC commenced operations in January 2018 and the experience of creating and operating these new international standard dispute resolution institutions has been shared with the staff and judges at the Constitutional Court. The administrative staff of the Constitutional Court received comprehensive training by the AIFC Court and IAC staff on international standard case management and general dispute resolution operations.
The Chief Justice of the Constitutional Court, Ms. Elvira Azimova, and all of the ten Judges of the Constitutional Court, visited the AIFC Court and IAC premises and discussed case statistics, day to day operational matters, and international promotions and relations, with the Registrar and Chief Executive of the AIFC Court and IAC, Mr. Christopher Campbell-Holt.
The AIFC Court and IAC are independent of the judicial system of the Republic of Kazakhstan but cooperate with the Constitutional Court, Supreme Court, and Ministry of Justice, on matters of mutual interest. This cooperation significantly enhances the promotion and understanding of the contribution that is being made by the AIFC Court and IAC to Kazakhstan as a modern and safe place in which to do business.
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/