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A law is valuable not because it is law, but because there is right in it.
Henry Ward Beecher |
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International arbitration court "IAC" is constantly operating international commercial arbitration which at equally high level organizes consideration of various categories of the disputes following from contractual relations of the external economic character if at least one of the dispute parties is the non-resident of Republic of Kazakhstan. Foundation of International arbitration court "IAC" and the Republic Kazakhstan Arbitration court was the necessity caused by approval in December, 2004 of laws of Republic of Kazakhstan «About the arbitration courts» and «About the international commercial arbitration» which have legislatively allocated division into the internal arbitration courts and the international commercial arbitration.International arbitration court "IAC" carries out the activity according to modern international standards of the organization of consideration procedures of commercial disputes, that, certainly, promotes strengthening of authority and swift growth of popularity of the given court. By analogy to the Republic of Kazakhstan Arbitration court specialized boards of the arbitrators in International arbitration court "IAC" are formed, which structure is completed with the outstanding experts in the field of jurisprudence, finance, economy, in technological and social branches also, and it is one of the basic advantages received by businessmen and interested persons at a choice of International arbitration court "IAC". Besides, inclusion in contracts the arbitration clause providing transfer of arising disputes on consideration in International arbitration court "IAC" will allow, in case of dispute occurrence, considerably to save time and means, rather than if the case was considered in the court which is in the country of the counterpart or in the international arbitration, located in Europe or America. The regulations of International Arbitration Court "IAC" in which procedures of arbitration trial have been elaborated, provide availability to the parties and an absolute transparency of the disputes settlement procedure, including, formation procedures of court structure which mechanism corresponds to independence and impartiality principles. The important positive factor is the simplified procedure of initiation of arbitration trial in International arbitration court "IAC" for which there is enough direction of the statement of claim whereas in many modern centres of the international commercial arbitration the process begins with giving of the application on arbitration, and the statement of claim itself goes only after case acceptance to consideration by arbitration. World practice in the field of the commercial disputes permission of the international character testifies that the court decision, in most cases, depends on correctness of drawing up of the arbitration clause and a choice of the international commercial arbitration also. Unfortunately, frequently the choice of this or that international commercial arbitration considerably becomes complicated in view of distinctions in consideration procedures of disputes, in the national legislation regulating activity of the international commercial arbitration, and in these circumstances good alternative is the International arbitration court "IAC" which has incorporated the best achievements in practice and the theory international commercial arbitrage. |
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Independent Arbitration Center
Almaty city, Shevchenko street,157 Телефон: +7 727 333 70 27 +7 701 767 83 63
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Independent Arbitration Center © 2008 |