CEU Electronic Theses and Dissertations, 2017
| Author | Kuatbekov Aslan |
|---|---|
| Title | A comparative analysis of dispute resolution mechanisms at DIFC and AIFC: lessons for Kazakhstan |
| Summary | The Astana International Finance Centre is a special financial zone within the capital of Kazakhstan Astana established in order to attract investments and develop financial market in the Eurasia. The key characteristic of this Centre is its own jurisdiction based on the principles of English Common law and independent courts system with foreign judges. This model has been taken as an example from the Dubai International Financial Center in the United Arab Emirates. It has been functioning for 13 years and apparently proved to be effective. In the Dubai Center, along with courts, there is arbitration institution designed for alternative dispute resolution. Compared to other dispute resolution mechanisms, arbitration is considered to be more efficient since it can provide high quality, fast and flexible solution. In the UAE, due to unique interaction of two legal systems within one geographic area, arbitration functions under specific conditions which in fact creates some problems. Legal analysis of these problems is required for the Center in Astana to consider lessons in arbitration from Dubai experience. The Centre is planned to operate from 2018 but establishment of legal basis is still under way. This novelty and uniqueness of the project draws particular attention since no analysis as to Astana Center has been made so far. Hence this thesis is aimed at making analysis of arbitration as a dispute resolution mechanism at the Dubai International Finance Center so as to make contribution to successful establishment of arbitration and its further development at the Astana International Financial Center. |
| Supervisor | Petsche Markus Aurel |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2017/kuatbekov_aslan.pdf |
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