Recognition and Enforcement of Arbitral Awards in the Republic of Kazakhstan
Article from: TDM 3 (2012), in Russian and CIS Arbitration Network (RCAN) Supplement
Introduction
The first arbitration courts were established in the Republic of Kazakhstan ("RK") in 1993, after the collapse of the Soviet Union. Between then and 2004, when the RK adopted legislation on arbitration, there has been some doubt about the ability and willingness of Kazakhstani courts to enforce arbitral awards. As a consequence, very few foreign arbitral awards have been enforced in Kazakhstani courts, potential applicants having been deterred by the lack of clarity in legislation and the limited experience of the state courts in dealing with this issue. However, in ...