HOW ARBITRATION HELPS YOUR BUSINESS
Arbitration is an effective mechanism for resolving civil disputes, offering parties flexibility, independence, and efficiency in decision-making. Unlike litigation, arbitration provides several advantages that make it the preferred choice for businesses and organizations.
In Kazakhstan, civil disputes are successfully resolved by the "Atameken" Arbitration Center under the National Chamber of Entrepreneurs of the Republic of Kazakhstan.
Key Advantages of the "Atameken" Arbitration Center
- Choice of Law and Arbitrators. If one party to the contract is a non-resident, the parties can determine which country’s law will apply in case of a dispute. Additionally, the parties independently select arbitrators with the necessary expertise in the relevant field.=
- Time and Cost Efficiency. Arbitration proceedings take less time than litigation and allow greater flexibility in scheduling hearings, determining locations, and setting conditions. Arbitration fees are lower than state court fees.
- Confidentiality. Unlike state courts, arbitration hearings are held behind closed doors with only the parties involved. Information about the proceedings and dispute details is not disclosed, and the final decision is not published online.
- Finality of Decisions. Arbitration decisions are not subject to substantive review by state courts, eliminating lengthy appeal processes. Arbitration awards are binding from the moment they are issued and are enforceable both in Kazakhstan and abroad.
One of the key benefits of arbitration is saving on state court fees. Depending on the claim amount, arbitration fees can be 30-70% more cost-effective.
The enforcement of decisions issued by the "Atameken" Arbitration Center is ensured not only in Kazakhstan but also in 172 countries worldwide, thanks to the New York Convention on the Recognition and Enforcement of Arbitral Awards.
Address
Astana, Kazakhstan
Please contact the Secretariat to confirm the correspondence address.
Please contact the Secretariat to confirm the correspondence address.
Secretariat:
Tel.: +7 (747) 282 89 04
E-mail: Arbitration@atameken.kz
Dana Almas
Development Department:
Tel.: +7 778 669 99 88
E-mail: Arbitration-info@atameken.kz
Aiganym Zhangasqanova
Tel.: +7 (747) 282 89 04
E-mail: Arbitration@atameken.kz
Dana Almas
Development Department:
Tel.: +7 778 669 99 88
E-mail: Arbitration-info@atameken.kz
Aiganym Zhangasqanova
Contacts
Details
«Arbitration Center of the National Chamber of Entrepreneurs of the Republic of Kazakhstan «Atameken» Private Institution
Astana city, Z05H0A4
BIN: 140 740 017 384
Current account in JSC "Halyk Bank of Kazakhstan"
SWIFT: HSBKKZKX
IBAN: KZ 216 010 111 000 206 955 KZT
IBAN: KZ 526 010 111 000 207 173 USD
IBAN: KZ 896 010 111 000 271 012 RUB
IBAN: KZ 116 010 111 000 036 997 EUR
Beneficiary code 18, Payment purpose (destination) code 859
Astana city, Z05H0A4
BIN: 140 740 017 384
Current account in JSC "Halyk Bank of Kazakhstan"
SWIFT: HSBKKZKX
IBAN: KZ 216 010 111 000 206 955 KZT
IBAN: KZ 526 010 111 000 207 173 USD
IBAN: KZ 896 010 111 000 271 012 RUB
IBAN: KZ 116 010 111 000 036 997 EUR
Beneficiary code 18, Payment purpose (destination) code 859
(c) 2006-2025
Arbitration Center of the National Chamber of
Entrepreneurs of the Republic of Kazakhstan "Atameken"
Arbitration Center of the National Chamber of
Entrepreneurs of the Republic of Kazakhstan "Atameken"
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