Book contents
- International Commercial Courts
- Studies on International Courts and Tribunals
- International Commercial Courts
- Copyright page
- Contents
- Contributors
- Foreword
- Preface
- International Commercial Courts: The Future of Transnational Adjudication – An Introduction
- Part I A Contextual Perspective to International Commercial Courts
- Part II Jurisdiction, Applicable Law and Enforcement of Judgments
- Part III Procedure, Function, Organization
- Part IV The Interplay between International Commercial Courts and Other Dispute Resolution Fora
- Part V International Commercial Courts and Global Governance
- 18 Hybridity in International Adjudication
- 19 China International Commercial Court
- 20 The Emergence of International Commercial Courts and Dispute Resolution Centres in Frontier Markets
- 21 Brexit and the Competition of Dispute Resolution Fora in Europe
- 22 International Commercial Courts, Dispute Resolution and the Rule of Law
- Index
20 - The Emergence of International Commercial Courts and Dispute Resolution Centres in Frontier Markets
A Perspective from Kazakhstan
from Part V - International Commercial Courts and Global Governance
Published online by Cambridge University Press: 14 April 2022
- International Commercial Courts
- Studies on International Courts and Tribunals
- International Commercial Courts
- Copyright page
- Contents
- Contributors
- Foreword
- Preface
- International Commercial Courts: The Future of Transnational Adjudication – An Introduction
- Part I A Contextual Perspective to International Commercial Courts
- Part II Jurisdiction, Applicable Law and Enforcement of Judgments
- Part III Procedure, Function, Organization
- Part IV The Interplay between International Commercial Courts and Other Dispute Resolution Fora
- Part V International Commercial Courts and Global Governance
- 18 Hybridity in International Adjudication
- 19 China International Commercial Court
- 20 The Emergence of International Commercial Courts and Dispute Resolution Centres in Frontier Markets
- 21 Brexit and the Competition of Dispute Resolution Fora in Europe
- 22 International Commercial Courts, Dispute Resolution and the Rule of Law
- Index
Summary
The establishment of international financial centres has become a common strategy for rapidly modernising states. Such centres assist host states with attracting capital, generating income from taxes, contributing to the development of innovative economies and increasing the role of states in global governance. Overall, financial centres, and their systems of dispute resolution, can positively contribute to promoting foreign investment. The creation of the Astana International Financial Centre (AIFC) with its AIFC Court and International Arbitration Centre (IAC) is one recent example of an initiative to assist a rapidly developing frontier market, Kazakhstan, to become a more competitive economy regionally as well as globally. This chapter offers a perspective of what has been achieved in Kazakhstan with a view to assisting other frontier markets, including in Central Asia, to create their own international dispute resolution systems.
- Type
- Chapter
- Information
- International Commercial CourtsThe Future of Transnational Adjudication, pp. 489 - 500Publisher: Cambridge University PressPrint publication year: 2022