Arbitration in Kazakhstan: Where to resolve disputes and how much does it cost

Arbitration in Kazakhstan: Where to resolve disputes and how much does it cost?

On April 17, Fortune Partners (Dana Tokmurzina) together with Herbert Smith Freehills Kramer LLP (Patricia Nascimento) hosted a roundtable on arbitration proceedings.

Speakers: Adilbek Tussupov and Ruslan Sadrtdinov

Key takeaways:
-Arbitration is beneficial in complex and specific disputes, when enforcement abroad is required, and when confidentiality is essential
-In Kazakhstan, we recommend: KIA, Atameken Arbitration Centre, IAC AIFC -each has its own advantages in terms of timelines, costs, administration and enforcement
-In international practice, the most popular arbitration institutions are: ICC, SIAC, HKIAC, LCIA, as well as ad-hoc arbitration under UNCITRAL rules
-Careful consideration must be given to the selection and appointment of an arbitrator

Choosing the right arbitration at the contract signing stage is already half the battle.

If you have any questions about arbitration in Kazakhstan — our team is ready to assist at every stage: from drafting an arbitration clause to representing you throughout the proceedings.
info@fortunepartners.kz