Please use this identifier to cite or link to this item: http://hdl.handle.net/2381/46094
Title: Institutional Development and the Astana International Financial Center in Kazakhstan
Authors: Yeung, Horace
Huang, Flora
Bekmurzayeva, Zhanyl
Suleimenova, Dina
First Published: 2019
Publisher: Washington University
Citation: Washington University Global Studies Law Review
Abstract: This article investigates the most recent instance of the transplantation of English corporate and financial law into a different legal environment. The Astana International Financial Centre (AIFC) in Kazakhstan was launched in 2018. The AIFC has largely built on the institutional model pioneered by the Dubai International Financial Centre. This key institutional innovation is the transplanting and operation of laws based on the English common law, independent of their national legal systems (civil law systems, heavily influenced by Islamic tradition, and, in the case of Kazakhstan, also Soviet socialist principles). This article seeks to contribute to the understanding of the system of Kazakhstan, a strategically located but well under-investigated country, and a potentially viable institutional model for other aspiring financial centers. To the best knowledge of the authors, this work is the first ever English academic literature on the development of the AIFC.
DOI Link: TBA
ISSN: 1546-6981
Links: TBA
http://hdl.handle.net/2381/46094
Embargo on file until: 1-Jan-10000
Version: Post-print
Status: Peer-reviewed
Type: Journal Article
Rights: Copyright © 2019, Washington University. Deposited with reference to the publisher’s open access archiving policy. (http://www.rioxx.net/licenses/all-rights-reserved)
Description: The file associated with this record is under a permanent embargo in accordance with the publisher's policy. The full text may be available through the publisher links provided above.
Appears in Collections:Published Articles, School of Law

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