The President of Singapore, Halimah Yacob, visited the AIFC Court and IAC premises as a part of an official visit to the AIFC, in Astana, Kazakhstan

The President of Singapore, Halimah Yacob, visited the AIFC Court and IAC premises as a part of an official visit to the AIFC, in Astana, Kazakhstan. President Yacob was introduced to the AIFC Court and IAC, how they work in practice, and their significance for attracting foreign investment to Kazakhstan, including investors from Singapore.
The AIFC Court and IAC have Singapore connections in numerous regards. The AIFC Court and IAC “eJustice” system, for digital e-filing, was developed in cooperation with Crimson Logic, an IT developer based in Singapore. The AIFC Court and IAC also cooperate with leading dispute resolution institutions in Singapore, and businesses in Singapore have included the AIFC Court and IAC in business contracts for dispute resolution where business has been based in Kazakhstan.
The AIFC Court and IAC continue to gain international recognition as the stand alone premier international commercial dispute resolution institutions in Eurasia, with significant case volume including cases with investors from 23 countries who have business in Kazakhstan, and proven enforcement of case decisions.
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/