Посты с тэгом: AIFC Court

From 30 June – 3 July 2020 the AIFC Court and International Arbitration Centre (“IAC”) hold webinars in association with the third annual Online Astana Finance Days 2020. The webinars will be dedicated to dispute resolution challenges and innovations during and post the COVID-19 pandemic.

The webinars are a part of a special webinar programme that was launched in April 2020 entitled “The AIFC Court and IAC Webinars Programme 2020”. Fifteen webinars have already been successfully held by the AIFC Court and IAC during this programme with the participation of distinguished speakers including the AIFC Court Judges, IAC arbitrators, and partners of law firms from Kazakhstan and around the world. The purpose of the webinars programme is to ensure that AIFC Court and IAC users and potential users remain connected to the latest dispute resolution innovations including the successful launch and continued free of charge daily use of the ONLINE AIFC Court and IAC which has now facilitated quick and cost effective resolution of more than 90 commercial disputes.

The AIFC Court & IAC Webinars in association with the Online Astana Finance Days 2020 will consist of the following webinars:

• On 1 July 2002: “Online Dispute Resolution Now & The Future”. Lead by Mr. Christopher Campbell-Holt, the Registrar and Chief Executive of the AIFC Court and IAC, representatives of key dispute resolution institution partners of the AIFC Court and IAC from Beijing and Hong Kong will discuss latest dispute resolution innovations and use of technology to resolve disputes.
• On 3 July 2020: “Ask the Chief Justice. Ask the IAC Chairman”. The Rt. Hon. The Lord Mance, Chief Justice of the AIFC Court, and Ms. Barbara Dohmann QC, Chairman of the IAC, will answer questions from the webinar participants.

Mr. Christopher Campbell-Holt, Registrar and Chief Executive of the AIFC Court and IAC, commented:

“We have carefully monitored the COVID-19 pandemic and implemented measures to ensure that the AIFC Court and IAC continue to operate 100% online free of charge without disruption. One of the features of the AIFC Court and IAC Webinars in association with the Online Astana Finance Days 2020 is that participants may attend the webinars free of charge via video from anywhere around the world without having to be physically present in Nur-Sultan. The most up to date dispute resolution innovations will be discussed by leading experts during the webinars. We encourage anyone with an interest in dispute resolution to join the webinars and to learn more about the AIFC Court and IAC as they continue to provide world class online dispute resolution services free of charge at the heart of Central Asia.”

Reference:

AIFC. The AIFC was established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. https://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 any 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/

The AIFC Court and IAC have been actively monitoring the rapidly evolving COVID-19 situation. We have implemented measures to ensure the continuity of our dispute resolution operations and services while safeguarding the health and safety of our users and staff.

We are following government advice and guidelines and continue to provide our dispute resolution services online without charge to users.

Cases can be filed at the AIFC Court and IAC online via our eJustice system which can be accessed via the AIFC Court and IAC websites. We can resolve disputes using audio and video technology, by written submissions and email. Disputes can be resolved without the parties to the disputes having to leave their homes. We are actively resolving disputes via our online facilities. 57 mediation cases have been resolved applying our mediation rules and two arbitration cases are currently being considered at the IAC. One case has been resolved at the AIFC Court.

In addition to the measures we have taken to resolve disputes online, we will later this month launch our online “AIFC Court and IAC Webinar Series” to ensure our users and the business and legal community remain connected to developments at the AIFC Court and IAC and other dispute resolution matters including challenges posed by the COVID-19 situation.

The AIFC Court and IAC provide a one stop shop for commercial dispute resolution. They are independent from the judicial system of the Republic of Kazakhstan and operate to the highest international standards to resolve civil and commercial disputes originating in the AIFC and in other disputes in which all parties to the dispute agree to give the AIFC Court or IAC jurisdiction. The judges, arbitrators, mediators, procedures, practices and standards at the AIFC Court and IAC are familiar to businesses currently operating in major financial centres around the world.

For case related enquiries and filings, please contact us at [email protected] or [email protected]

We wish you and your families good health.

Mr. Christopher Campbell-Holt, AIFC Court and IAC Registrar and Chief Executive, commented:

“We have carefully monitored the COVID-19 situation and implemented measures to ensure that the AIFC Court and IAC continue to operate online. All case filings and hearings at the AIFC Court and IAC are now administered online free of charge and without parties to a dispute having to leave the comfort and safety of their homes. Investors and businesses can be assured that their disputes will be resolved online at the AIFC Court and IAC applying the highest standards of the rule of law in a timely and cost effective manner.”

Reference:

AIFC. The AIFC was established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. https://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 any 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/

In 2019 the AIFC Court and International Arbitration Centre (further – “IAC”) considered five cases. This was an outstanding achievement compared to the experience of similar common law financial centre courts and international arbitration centres at this stage of their operations.

Earlier this year the AIFC Court considered its first litigation and gave judgment in a small claims contract non-payment dispute involving an AIFC Participant and a foreign party. All enforcement measures available in Kazakhstan were implemented quickly and directly between the AIFC Court and the Kazakhstan enforcement authorities. This case was managed electronically from initiation to completion. The IAC recently received its first arbitration case and hosted three mediation cases. All cases have been managed quickly applying the best international standards of case management and without charge to the parties.

Following a comprehensive promotions campaign in 2019 and meetings with senior lawyers and executives at corporations in Kazakhstan, the wider Central Asia region and globally, the AIFC Court and IAC were included in a minimum of 1300 business contracts for future dispute resolution purposes under those contracts. It is expected as normal practice for there to be a lead time before disputes will arise under such contracts and the AIFC Court and IAC are ready and able to administer any future commercial disputes under these and other contracts.

The AIFC Court and IAC launched their eJustice system in 2019 to enable parties without charge to have their commercial disputes resolved electronically using the most up to date digital technology. Their world class premises at the EXPO-2017 site were officially opened by the President of Kazakhstan, Kassym-Jomart Tokayev. New international standard services were launched for judicial mediation at the AIFC Court and a special arbitration-mediation or “arb-med” procedure at the IAC. The AIFC Court and IAC signed 17 cooperation agreements with leading dispute resolution centres, law societies and business associations in Kazakhstan, the UK and Asia, significantly raising their profile and international recognition.

More than 300 Kazakh national law students, lawyers, and academics were trained by the AIFC Court and IAC to ensure they have the common law dispute resolution skills that are necessary to represent clients in disputes at the AIFC Court and IAC. For this purpose the AIFC Court and IAC partnered with Cambridge University, leading advocates from London, and the Centre for Effective Dispute Resolution in London.

The Registrar and Chief Executive of the AIFC Court and IAC, Mr. Christopher Campbell-Holt, commented:

“2019 has been a very productive year of achievement for the AIFC Court and IAC. Ahead of expectations for our type of new court and arbitration centre we have received and managed several cases and achieved quick enforcement of our first case at the AIFC Court. We have developed and launched the very best digital technology. We have hired the best Kazakh national Registry staff and trained them to international standards with our partners in London and Singapore. We have launched outstanding new services and raised regional and international recognition with 17 cooperation agreements signed. Our dispute resolution is quick, accessible, cost effective, impartial, and above all, incorruptible. We have exciting plans for 2020 and look forward to our continued success as we strive to be the number one choice for commercial dispute resolution in Central Asia.”

Reference:

AIFC. The AIFC was established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. https://aifc.kz/

The AIFC Court. 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 any disputes that are of a criminal or administrative nature. It applies the most up to date and efficient case management practices.

The International Arbitration Centre (IAC). 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.