Article 2. The basic concepts used in this Law of the Law on Arbitration

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The following basic concepts are used in this Law:

1) public order of the Republic of Kazakhstan – the foundations of law and order, enshrined in the legislative acts of the Republic of Kazakhstan;

2) court – a court of the judicial system of the Republic of Kazakhstan, which, in accordance with the civil procedure legislation of the Republic of Kazakhstan, is authorized to consider cases of disputes arising from civil law relations in the first instance.;

3) arbitration – arbitration formed specifically for the consideration of a specific dispute, or permanent arbitration;

4) arbitration agreement – a written agreement between the parties to submit to arbitration a dispute that has arisen or may arise from civil law relations.;

5) arbitration rules – the procedure for organizing the activities of permanent arbitration and the rules of arbitration;

6) arbitration – the process of dispute resolution;

7) the parties to the arbitration (hereinafter referred to as the parties) are the plaintiff and the defendant, between whom an arbitration agreement has been concluded;

8) an arbitral award is a decision rendered by the arbitral tribunal.;

9) an arbitrator is an individual elected by the parties or appointed in accordance with this Law and (or) the rules of the relevant arbitration to resolve the dispute.;

10) business practices are established and widely applied rules of conduct in the field of civil law relations that do not contradict applicable law, regardless of whether they are recorded in any document.

The Law of the Republic of Kazakhstan dated April 8, 2016 No. 488-V SAM.

This Law regulates public relations arising in the course of arbitration activities in the territory of the Republic of Kazakhstan, as well as the procedure and conditions for the recognition and enforcement of arbitral awards in Kazakhstan.

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Republic of Kazakhstan

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