ARBITRATION PROTECTION OF ECONOMIC RELATIONS: EXPERIENCE OF THE REPUBLIC OF KAZAKHSTAN
The article examines the issue of the differences and similarities in solving economic disputes by the judiciary and arbitration, which are based on a comparative analysis. A retrospective of the development of the institution of the resolution of economic disputes in Kazakhstan at various historical stages and its connection with the oldest court of biys is given. Also, the advantages of arbitration consideration of economic disputes over the «traditional» judicial order, in particular, by the method of formation, consideration of the dispute itself and, importantly, the enforceability of its decisions in other countries are presented. As a result of the study of these issues, the author concluded that it is necessary to bring the form of consideration of economic disputes to a well-established and accepted method in many countries, namely non-governmental organizations, which does not exclude the existence of specialized courts for the resolution of economic disputes. Moreover, the term «arbitration» should not be used in relation to the judicial authorities of the state.