Article 296. Settlement of investment disputes of the Entrepreneurial Code of the Republic of Kazakhstan

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1. An investment dispute is a dispute arising from contractual obligations between investors, including large investors, and government agencies in connection with the investor's investment activities.

2. Investment disputes are resolved through negotiations or in accordance with a dispute resolution procedure previously agreed upon by the parties.

3. If it is impossible to resolve investment disputes in accordance with the provisions of paragraph 2 of this article, disputes shall be resolved in accordance with international treaties and legislative acts of the Republic of Kazakhstan in the courts of the Republic of Kazakhstan, as well as in arbitration determined by agreement of the parties.

4. Non-investment disputes are resolved in accordance with the legislation of the Republic of Kazakhstan.

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Republic of Kazakhstan

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