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, along with the Law
