National Company for Investment Support and Promotion

Инвестициялық даулар

An investment dispute shall mean a dispute arising out of contractual obligations between investors, inter alia big investors, and state bodies in connection with the investment activity of an investor. The investment disputes shall be resolved amicably or pursuant to the dispute resolution procedure which was previously agreed by the parties. Should the investment disputes are not solved amicably, they are settled by the courts of the Republic of Kazakhstan as per the international treaties and legislative acts of the Republic of Kazakhstan or  by arbitrations appointed by virtue of  the  agreement of the parties.

Jurisdiction

Pursuant to the first-instance court rules, the  of city of Astana shall consider and settle the civil cases with investment disputes and also on other disputes between investors and state bodies related to the investment activity, except for thos,  which are  within the exclusive jurisdiction of the Supreme Court of the Republic of Kazakhstan.

Any other disputes arising out of legal relations of an investor and not connected with the investment activity, and disputes involving the investor, which must be settled through the simplified procedure are subject to the jurisdiction of the district (city) courts and equal courts according to jurisdiction rules provided in the laws.

The Supreme Court of the Republic of Kazakhstan should consider and settle the civil cases on investment disputes involving a big investor as a first-instance court according to the rules of the court of first instance.

A big investor shall mean an individual or a legal entity that makes investments in the amount of at least two million monthly calculation indices into the Republic of Kazakhstan minimum of .