Cabinet Chairman and UK Ambassador discuss investor protection and introduction of English law
**AKIPRESS.COM** - Chairman of the Cabinet of Ministers and Head of the Presidential Administration of Kyrgyzstan Adylbek Kasymaliev held a meeting with Ambassador of the United Kingdom of Great Britain and Northern Ireland Nicholas Bowler, as well as with international consultants on the use of English law in the settlement of investment disputes.
During the meeting, the parties discussed a wide range of issues aimed at developing the investment attractiveness of the Kyrgyz Republic and increasing the level of protection of investors' rights, which is a key factor in attracting foreign investment and sustainable economic growth.
Particular attention was paid to the prospects for creating an independent arbitration mechanism to resolve investment and other commercial disputes. This mechanism will function using the norms of English common law, as well as the norms and principles of other jurisdictions based on the common law system.
In addition, an initiative to establish a special investment territory (SIT) with a special legal regime was discussed, which will create more favorable conditions for doing business and implementing investment projects.
"Creating a favorable investment climate and reliable protection of investors' rights are priority tasks for Kyrgyzstan. We are interested in studying and applying international experience, including English law, to increase investor confidence in our legal system," Adylbek Kasymaliev emphasized.
In turn, Nicholas Bowler noted that the UK "is ready to share its experience and expertise in the field of law to promote the development of the Kyrgyz economy and attract investment."
It was emphasized that the process of determining the format of financing the consulting and methodological support necessary for the successful implementation of these projects is currently being completed.