During the meeting, practical steps for further cooperation and the implementation of elements of English law in Kyrgyzstan were discussed. Representatives of international organizations, diplomats, and leaders of financial institutions also participated in the event, highlighting the high level of international support for initiatives aimed at developing the legal infrastructure and investment climate of the country.
The main goal of the discussion was to create an International Dispute Resolution Center (IDRC) based on SFIT 'Tamchy', which will operate on the basis of English law and comply with international standards in the field of commercial dispute resolution.
Among the participants of the meeting were representatives of the following international organizations:
- European Bank for Reconstruction and Development (EBRD);
- Asian Development Bank (ADB);
- World Bank;
- International Business Council (IBC);
- Delegation of the European Union, Embassy of the United States of America, and other diplomatic missions.
Participants noted the importance of creating a modern legal system that would contribute to improving the investment climate, strengthening investor confidence, and implementing effective methods of commercial dispute resolution in accordance with international standards.
Representatives of international financial institutions emphasized that the establishment of the IDRC within SFIT 'Tamchy' would be an important step towards improving the legal environment in Kyrgyzstan, which would enhance the predictability of judicial practice and provide additional guarantees for participants in investment projects. The presence of an independent dispute resolution mechanism is a key factor for attracting investments and developing the private sector.
In conclusion, the parties expressed their readiness to continue cooperation with international partners and financial institutions for the practical implementation of all outlined initiatives.
