Head of the State Nursultan Nazarbayev signed a new law "On
arbitration" on 8 April, 2016. The main purpose of the new law
is to promote pre-trial settlement of disputes procedures and
raising the status of arbitration pleadings and approximation of
the legislation to the international practice.
According to the document, the Law applies to disputes arising
from civil-law relations with participation of physical and (or)
legal entities, irrespective of the place of residence or location
of the subjects of the dispute within the state or outside it,
which resolved by arbitration, unless otherwise established by the
legislative acts of the Republic of Kazakhstan.
Issues of arbitration procedure, controversies, which are the
subject of arbitrational disputes, as well as the competence and
qualification requirements for arbitrators, the legal status of the
Chamber of Arbitration and other procedural questions are approved
by the Law. At the same time, along with the Law "On
Arbitration" was adopted another law "On Amendments and
Alterations to Some Legislative Acts of Kazakhstan on the Issues of
Arbitration", the aim of which is to consolidate and align
other normative-legal acts of the Republic of Kazakhstan.
Laws of the Republic of Kazakhstan "On Arbitration
Courts" dated 28 December 2004 and "On International
Commercial Arbitration" dated 28 December 2004, that have been
governing the arbitration relations in the Republic of Kazakhstan
before the approving new Law are recognized as repealed.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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