The Rise of Transnational Commercial Courts: The Astana International Financial Centre Court
The proliferation of international commercial courts aims to boost income from legal services and serve as a catalyst for newly found rules of law and thus attract investor confidence. The latter is the underlying purpose for the creation of the Astana International Financial Centre (AIFC) and its Court. The Court’s legal framework is set out in the tradition of its competitors in the Gulf and similarly employs an impressive lineup of former senior judges from the United Kingdom. It is a unique experiment because it strives to create a balance between maintaining a judicial institution of the highest caliber while at the same time being subject to several limitations that jeopardize its independence. As companies in the AIFC continue to grow in size and assets, the AIFC Court will inevitably become one of the key dispute resolution institutions in Asia over the next decade.
Recommended CitationIlias Bantekas, The Rise of Transnational Commercial Courts: The Astana International Financial Centre Court, 33 Pace Int'l L. Rev. 1 (2020)
Available at: https://digitalcommons.pace.edu/pilr/vol33/iss1/1
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