AN INTRODUCTION

AN INTRODUCTION

AN INTRODUCTION VISION, MISSION AND OBJECTIVES WHO WE ARE IAC CHAMBERS AIFC COURT

BY THE CHAIRMAN OF THE INTERNATIONAL ARBITRATION CENTRE

The International Arbitration Centre (“IAC”) provides an independent, economical and expeditious alternative to court litigation, operating to the highest international standards to resolve civil and commercial disputes in the AIFC.

The IAC has its own panel of outstanding international arbitrators and mediators who are greatly experienced, independent, impartial and of the highest integrity.

The IAC offers parties maximum choice and flexibility in choosing the rules and procedures they wish to use to resolve their disputes at the IAC.  

Parties may agree for the IAC to:

  1. Administer their arbitration according to the IAC Arbitration and Mediation Rules. These rules include procedures for expedited arbitrations, the appointment of emergency arbitrators, and resolution of investment treaty disputes.
  2. Administer their arbitration according to UNCITRAL Arbitration Rules or ad hoc arbitration rules.
  3. Administer mediations according to the IAC Arbitration and Mediation Rules or ad hoc mediation rules.
  4. Provide other forms of alternative dispute resolution.

The IAC provides fundholding for arbitrators’ fees and the holding and disbursing of advances paid to cover any related reasonable costs.

The IAC is an appointment authority, offering the appointment of arbitrators and mediators from its panel, for arbitrations and mediations conducted at the IAC or elsewhere.

Arbitration awards of the IAC are enforceable in the Republic of Kazakhstan as Orders of the AIFC Court, supported by a robust enforcement system. They are also enforceable internationally under the New York Convention. 

The IAC provides permanent state of the art administrative facilities, including first class IT, conference, meeting, and hearing rooms at “IAC Chambers” which are located at the IAC EXPO-2017 premises in Nur-Sultan.

The procedures and standards at the IAC seek to follow international best practice and will be familiar to users of arbitration and mediation services in major financial centres around the world.

Thomas Krümmel

Chairman, International Arbitration Centre at the AIFC