ARBITRATION TRENDS IN CENTRAL ASIAN JURISDICTIONS
Keywords:
Central Asian Arbitration, AIFC Court, TIAC, Investment ArbitrationAbstract
Arbitration serves as a critical mechanism for resolving disputes in a globalized economy, offering flexibility, neutrality, and enforceability. In Central Asia, the development of arbitration frameworks has become increasingly significant for fostering economic growth, attracting foreign investment, and enhancing legal infrastructure. This article provides a comprehensive analysis of arbitration trends in Central Asian jurisdictions, examining the historical context, legal framework, establishment of arbitration institutions, role in economic development, challenges, strategies for enhancement, comparative analysis, and future prospects
References
Astana International Financial Centre (AIFC) Court official website and Tashkent International Arbitration Centre (TIAC) official website.
United Nations Development Programme (UNDP). "Arbitration Capacity-Building in Central Asia: Challenges and Opportunities." [Report]
International Centre for Settlement of Investment Disputes (ICSID). "Arbitration Practices in Central Asia: A Comparative Analysis." [Report]
European Bank for Reconstruction and Development (EBRD). "Assessment of Arbitration Institutions in Central Asia: A Comparative Study." [Report]
Organisation for Economic Co-operation and Development (OECD). "Future Prospects of Arbitration in Central Asia: Opportunities and Challenges." [Report] and World Bank. "Enhancing Enforcement Mechanisms for Arbitral Awards in Central Asia: Policy Recommendations." [Report]
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