Arbitration Clause

For submission of the dispute for consideration in the International Arbitration Court «IAC» the written agreement of the parties is necessary, which may be concluded at contract conclusion in the form of the arbitration clause.

Recommended arbitration clause in the agreements:

All disputes, controversies, and claims arising out from the present contract or in connection therewith, including its’ execution, violation, termination or invalidity, shall be finally settled by the International Arbitration Court «IAC» located in Almaty city of the Republic of Kazakhstan in accordance with its Rules, by the arbitral tribunal in the amount of (chosen by the parties) arbitrator(s)`, in (chosen by the parties) language, in (place of arbitration chosen by the parties), and in accordance with the rules of substantive law of (chosen by the parties).

The terms of the clause may be as follows:

Arbitral tribunal – 1, 3, and more arbitrators (the number of arbitrators should be odd).

Language of arbitration – any, agreed by the parties.

Place of arbitration – the settlement where the International Arbitration Court «IAC» is located or any other place chosen by the parties, subject to payment of additional charges by them.

Rules of substantive law - specify the name of the country, the substantive law of which shall be used at the consideration of occurred dispute.

Additional terms subject to agreement and inclusion to the arbitration clause:

1. On presentation and direction of the documents relating to the arbitration proceedings:

In order to reduce the timing of the implementation of arbitration delivery by the International Arbitration Court «IAC» to the parties or any of the party of the notifications on the date and time of the session, decisions of the International Arbitration Court «IAC», copies of the claims and materials related to the subject of the dispute received from the claimant or the defendant, as well as submission to the International Arbitration Court «IAC», to the email address iac@arbitration.kz, of the claims, delivery of the scan-copies of the documents related to arbitration, except for the cases when the original copies are necessary to be presented to the International Arbitration Court «IAC», shall be executed by the parties or any of the parties via electronic communication by the following electronic addresses: the Seller – (e-mail), the Buyer – (e-mail).

2. By the form of the arbitration proceedings, if the parties have agreed to arbitrate the dispute on the basis of the presented materials without participation of the parties:

Legal investigations should be carried out in the form of an arbitration agreement on the basis of submitted documents without participation of the parties in a session.

3. By the form of the arbitration proceedings, if the parties have agreed to arbitrate the dispute in the form of electronic proceedings:

Consideration of the dispute between the parties shall be provided in the form of electronic arbitration with the help of the following information for the video link: (name of the party) – e-mail, (Skype or other program) login, phone number, etc.