Astana International Financial Centre – A Legal Enclave in Kazakhstan

  • Diana S. BATYRBEKOVA Department of Theory of State and Law, Institute of Economics and Law Kostanay Regional University named after Akhmet Baitursynov, Kostanay, Kazakhstan
  • Symbat K. UKIN Department of Theory of State and Law, Institute of Economics and Law, Kostanay Regional University named after Akhmet Baitursynov, Kostanay, Kazakhstan
  • Nurzhan SAULEN Department of Constitutional, Administrative Legislation and Public Administration, Republican State Enterprise in Kazakhstan, Institute of Legislation and Legal Information of Kazakhstan, Ministry of Justice of Kazakhstan Nur-Sultan, Kazakhstan
  • Sylu M. SHUNAYEVA Department of Theory of State and Law, Institute of Economics and Law, Kostanay Regional University named after Akhmet Baitursynov, Kostanay, Kazakhstan
  • Guldaray B. ZHUSSUPOVA Department of Theory of State and Law, Institute of Economics and Law, Kostanay Regional University named after Akhmet Baitursynov, Kostanay, Kazakhstan

Abstract

The scientific article considers issues of higher legal force and direct effect of the Constitution of Kazakhstan throughout the territory of Kazakhstan in light of the functioning of the AIFC in the territory of Kazakhstan. The authors believe that the constitutional wording of paragraph 3-1) of Article 2 of the Constitution that a special legal regime in the financial sphere may be established within the city of Nur-Sultan which, in accordance with the constitutional law, may provide for two approaches. The first approach is that the constitutional postulate on the highest legal force and direct effect of the Constitution throughout the Republic (clause 2 of Article 4) is absolute, and accordingly, it is also applied without any reservations within the city of Nur-Sultan, where a special legal regime in the financial sector is established in accordance with constitutional law. The second approach stipulates that the constitutional postulate on the higher legal force and direct effect of the Constitution throughout Kazakhstan may have its own characteristics within the city of Nur-Sultan, where a special legal regime in the financial sphere is established in accordance with constitutional law. The authors adhere to the first approach. In addition, the article also analyses the definition of ‘legal enclave’ and proposes interpretations of this definition.


 

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Published
2019-09-30
How to Cite
BATYRBEKOVA, Diana S. et al. Astana International Financial Centre – A Legal Enclave in Kazakhstan. Journal of Advanced Research in Law and Economics, [S.l.], v. 10, n. 5, p. 1390-1398, sep. 2019. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/4822>. Date accessed: 29 feb. 2024.