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Arbitration in Kazakhstan - (SAR) 2002 - 2

Author(s): 
Peter Greshnikov
Igor Greshnikov
Page Count: 
12 pages
Media Description: 
1 PDF Version from "Stockholm Arbitration Reporter"
Published: 
December, 2002
Jurisdictions: 
Kazakhstan
Practice Areas: 
Institutional and Administered Arbitration,
Applicable Law
Author Detail: 

 Peter Greshnikov Ph.D. in Law, Vice Chairman of the International Arbitration Court of the Juridical Centre “IUS;” Professor, Higher Law School “Adilet” (Almaty). The International Arbitration Court of the Juridical Centre IUS (hereinafter the Arbitration IUS) was established in 1993 and is located in St. Petersburg (Russian Federation) with an office in Kazakhstan (Almaty) (for more information about the Arbitration IUS go to www.ius.escort.kz).

 Igor Greshnikov,  Ph.D. in Law, Associate Professor of the Kazak State Law University, Doctoral Candidate of the St. Petersburg State University.

 

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Stockholm Arbitration Report (SAR)

Preview Page SAR 2002 - 2

Kazakhstan has ratified and acceded to virtually all the major international treaties on arbitration, including regional conventions and treaties.

Having signed these conventions and treaties, and having its own arbitration legislation, Kazakhstan committed itself to recognize the force of arbitration agreements and clauses in contracts, which deal with the procedures for settling disputes, and to recognize and enforce arbitral awards made by foreign, international and domestic arbitration tribunals.

In Kazakhstan, referring to a court of arbitration or a state court to defend one’s rights is the choice of the parties involved. This right of choice is granted to individuals and legal entities by Kazakhstan’s laws. In this connection, the following should be noted:

Firstly, citizens and legal entities of Kazakhstan have a right to transfer property disputes for settlement to both state courts and arbitration courts (Civil Procedural Code of the Republic of Kazakhstan, Article 25). Moreover, Paragraph 1 of Article 9 of the Civil Code of the Republic of Kazakhstan provides a list of bodies competent to decide the rights of individuals and legal entities. These bodies are courts and arbitration courts. This means that both individuals and legal entities have the opportunity to choose the body that shall defend their rights.