Category Archives:international law

The Main Provisions of International Commercial Arbitration Courts

International commercial arbitration is a process in which an independent non-government party resolves an international trade dispute as an alternative to litigation in court. In Russia, private arbitration organizations may be confused with the Arbitration Courts. The Arbitration Courts are federal courts of specialized jurisdiction similar to the commercial divisions in New York State or interregional commercial courts in Kazakhstan.

Foreigners in Kazakhstan are forbidden to carry on individual business

In Kazakhstan, foreigners are not allowed to carry on individual business, even if they reside in Kazakhstan. The same prohibition applies to stateless persons.

It follows from paragraph 3 of Article 1 of the Law of the Republic of Kazakhstan “On private entrepreneurship”, which sets the concept of the individual entrepreneur, who is a citizen of the Republic of Kazakhstan and oralmans exercising individual entrepreneurship without forming a legal entity corresponding to the appropriate criteria set out in paragraphs 3 and 7 of Article 6 hereof.