About us

Our activities

The Institution is an independent, self-governing, permanent arbitration body operating in accordance with the Constitution of Kazakhstan, the Law of the Republic of Kazakhstan “On Arbitration”, other legislative acts and ratified international treaties.

Its principal function is to enable the settlement of any disputes arising from civil-law relations, unless otherwise provided by law, and to protect violated or contested civil rights through arbitration proceedings.

The Institution hears disputes where the participants have concluded an arbitration agreement. Parties to arbitration proceedings may be legal entities, individual entrepreneurs and individuals without entrepreneur status.

Advantages of arbitration

Arbitration proceedings rest on protecting the interests of the specific participants in commercial dealings, on the adversarial principle, and on speed and economy. The parties to a dispute choose for themselves arbitrators whose qualifications and experience they genuinely trust. The procedure safeguards their interests, including trade secrets, and offers wider scope for reaching compromise, such as a settlement agreement. The most important sources of the awards are the parties’ own contracts and commercial customs and practices.

An award made by the Institution within its competence precludes a claim on the same subject matter and on the same grounds before a competent court. The award is binding and must be performed voluntarily within the period set in it, or immediately. If it is not performed voluntarily, it may be enforced: on the creditor’s application, the competent court issues a ruling on compulsory enforcement of the award and a writ of execution. In legal force, the award is therefore equivalent to a decision of a competent court.

Video about us

Video report from the First International Scientific and Practical Conference of Permanent Arbitration Institutions.