In the context of globalization of business and international economic relations, the issue of recognition and enforcement of foreign arbitral awards is of key importance. The Kyrgyz Republic, being a party to the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, demonstrates openness to international arbitration.
Harmonization of procedures: A practical approach
The uniqueness of law enforcement in the Kyrgyz Republic lies in the fact that the procedure for recognition and enforcement of foreign (international) arbitral awards is almost completely identical to the procedure applied to foreign court decisions. This approach greatly simplifies the process for the party, creating a single and predictable field for the implementation of international judicial (arbitral) acts (for more information on the procedure for foreign courts, see - Recognition and enforcement of foreign court decisions in the Kyrgyz Republic).
Legal basis
The basis for the recognition and enforcement of foreign arbitration in the Kyrgyz Republic consists of:
Foreign (international) arbitrations are understood to be non-state entities (both ad hoc and permanent) established to resolve civil disputes. "Arbitral awards" are understood to be awards made by arbitrators appointed for each case or by permanent arbitral tribunals.
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