"AIFC: The Rise of Virtual Arbitration Amid the COVID-19 Pandemic"
Wilder Alejandro Sanchez
Opinion
Caspian Policy Center
April 13, 2020
Originally published: https://www.caspianpolicy.org/aifc-the-rise-of-virtual-arbitration-amid-the-covid-19-pandemic/
Governments, businesses, industries, and people worldwide are adapting to the “new normal” that is the Coronavirus (COVID-19) pandemic. Investment and commercial arbitration is no different.
The AIFC in 2020
Kazakhstan’s Astana International Financial Centre (AIFC), opened its doors in 2018 and has striven to become the premier financial and investment hub not only for Kazakhstan, but also for Eurasia. Its bodies include the Astana International Exchange (AIX), the AIFC Court, which can handle cases related to finance, construction, trade, insurance, IP, energy, subsoil, and contracts, and the International Arbitration Centre (IAC). The Centre’s rules resemble those of the leading arbitration bodies around the world, such as the London Court of International Arbitration and the Hong Kong International Arbitration Centre. The IAC has 37 international arbitrators, according to the Center’s website.
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