The Kyrgyz Republic adopted the law of the Kyrgyz Republic "ON THE COURTS OF ARBITRATION IN THE KYRGYZ REPUBLIC» on July 30, 2002.
The International Court of Arbitration under The Chamber of Commerce and Industry of the Kyrgyz Republic (hereinafter ICA CCI) was officially registered by the Ministry of Justice of the Kyrgyz Republic in September 2002 and is a permanent institutional arbitration.
Today, ICA CCI is an independent body that provides prompt and high-quality resolution of economic disputes in the business environment through independent professional arbitrators.
ICA CCI was established to assist legal entities and/or citizens to resolve out of court disputes arising from civil relations.
The current legislation regulating the activity of arbitration courts and arbitration procedures complies with the norms of international law.
The International Court of Arbitration under The Chamber of Commerce and Industry of the Kyrgyz Republic (hereinafter ICA CCI) was included In the list of arbitration institutions assisting in arbitration proceedings as the appointing party of the Permanent court of Arbitration in the Hague.
Advantages and features of dispute resolution in the court of arbitration:
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The parties to the dispute can choose arbitrators whose honesty and professionalism they trust. As an arbitrator, you can choose not only a Kyrgyz citizen, but also a foreign citizen.
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Speed of dispute resolution. In the arbitration court the dispute is considered only in one instance.
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Confidentiality of dispute resolution.
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The decision of the arbitration court shall enter into force immediately after its issuance and shall not be subject to appeal.
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Decisions of the arbitration court can be enforced in 142 countries of the world which are the participants of the New York Convention of 1958.
