Adoption Of The Law 'On Arbitration'

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...