MOU signed between the AIFC Court, IAC and the EBA of Kazakhstan (EUROBAK)

On 4 July the AIFC Court and International Arbitration Centre (“IAC”) signed Memorandums of Understanding with the European Business Association of Kazakhstan (EUROBAK). EUROBAK is a strategic partner of the AIFC Court and IAC. 

The signing ceremony was organised in the framework of a joint roundtable within the Astana Finance Days. The roundtable was opened by Mr. Christopher Campbell-Holt, Registrar and Chief Executive of the AIFC Court and IAC, with contributions from The Rt. Hon. The Lord Woolf CH, AIFC Court Chief Justice, Barbara Dohmann QC, IAC Chairman, H.E. Sven-Olov Carlsson, Ambassador, Head of the EU Delegation to Kazakhstan and EUROBAK Honorary Board Member, and Julie Kussidi, EUROBAK Executive Director.

Ms. Kussidi commented: 

“Considering the importance of the AIFC Court and International Arbitration Centre it is a great honour for the European Business Association of Kazakhstan to sign these Memorandums of Understanding. We believe in our continued cooperation in the future.”

Mr. Campbell-Holt added: 

“The AIFC Court and IAC have successfully cooperated with EUROBAK for some time and we are delighted that we have now agreed MOUs which will further our cooperation for the future.  European investors can be assured that they will receive dispute resolution at the AIFC of the very highest quality with application of the best international standards.”

At the roundtable senior representatives of European companies and diplomatic missions had the opportunity to learn more about the AIFC Court and IAC and how to use their services.

EUROBAK is a non-commercial organisation representing the European business community in Kazakhstan. It was formed upon the joint initiative of EU companies, working and investing in Kazakhstan, and the Delegation of the European Union to Kazakhstan.