<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The Astana International Financial Center’s Court is a novel conflict determination effort aimed at attracting investors in the same way similar financial centers in the Persian Gulf have done with their courts and arbitration processes. This article contrasts and compares various approaches, focusing on aspects of private international law like jurisdiction, relevant law, and the admission and execution of judgments and arbitral awards. This research finds that the initiative’s success, particularly for junior courts, will be determined by its ability to create amicable relationships with the host country’s local courts.</p>
</abstract>

The Astana International Financial Center’s Court is a novel conflict determination effort aimed at attracting investors in the same way similar financial centers in the Persian Gulf have done with their courts and arbitration processes. This article contrasts and compares various approaches, focusing on aspects of private international law like jurisdiction, relevant law, and the admission and execution of judgments and arbitral awards. This research finds that the initiative’s success, particularly for junior courts, will be determined by its ability to create amicable relationships with the host country’s local courts.

The Establishment of the Court of Astana International Financial Center (AIFC) in the Wake of its Precursors

Journal of Legal Studies

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Astana International Financial Center’s Court is a novel conflict determination effort aimed at attracting investors in the same way similar financial...

The Establishment of the Court of Astana International Financial Center (AIFC) in the Wake of its Precursors

Published Online: May 19, 2022

Page range: 19 - 41

Received: Dec 01, 2021

Accepted: Jan 01, 2022

DOI: https://doi.org/10.2478/jles-2022-0002

Keywords
International Financial Centers (IFC), offshore courts, International Business Courts, Kazakhstan

© 2022 Baimoldayeva Alina et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Establishment of the Court of Astana International Financial Center (AIFC) in the Wake of its Precursors

Published Online: May 19, 2022

Page range: 19 - 41

Received: Dec 01, 2021

Accepted: Jan 01, 2022

DOI: https://doi.org/10.2478/jles-2022-0002

KeywordsInternational Financial Centers (IFC), offshore courts, International Business Courts, Kazakhstan

© 2022 Baimoldayeva Alina et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
International Financial Centers (IFC), offshore courts, International Business Courts, Kazakhstan