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33 Pace Int'l L. Rev. 1 (2020-2021)

handle is hein.journals/pacinlwr33 and id is 1 raw text is: THE RISE OF TRANSNATIONAL COMMERCIAL COURTS: THE ASTANA INTERNATIONAL FINANCIAL CENTRE COURT Ilias Bantekas* ABSTRACT The proliferation of international commercial courts aims to boost income from legal services and serve as a catalyst for newly found rules of law and thus attract investor confidence. The lat- ter is the underlying purpose for the creation of the Astana In- ternational Financial Centre (AIFC) and its Court. The Court's legal framework is set out in the tradition of its competitors in the Gulf and similarly employs an impressive lineup of former senior judges from the United Kingdom. It is a unique experi- ment because it strives to create a balance between maintaining a judicial institution of the highest caliber while at the same time being subject to several limitations that jeopardize its in- dependence. As companies in the AIFC continue to grow in size and assets, the AIFC Court will inevitably become one of the key dispute resolution institutions in Asia over the next decade. * Professor of International Law, Hamad bin Khalifa University (Qatar Foundation), College of Law and Adjunct Professor of Law, Georgetown Uni- versity, Edmund A. Walsh School of Foreign Service. 1

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