The Legal 500

Legal Developments in Kazakhstan

• Acquisition of goods, works and services in subsurface use: Q&A.

  Kazakhstan's Government continues its policy on attracting the local and foreign investors to develop country's rich mineral reserves. For coordinated working environment, except political stability, investment climate, investors also need well-developed and reasonable legal system.
  - SIGNUM Law Firm

• Court Practice and Tax Risks for Subsurface Users in Kazakhstan

  The tax legislation is one of the most dynamically developing areas of law in Kazakhstan. Since the beginning of its formation the taxation system has suffered numerous changes due to both the continuous process of simplification and improvement of administrative procedures, elimination of gaps and ambiguities, the need to regulate new activities, encouragement of the development of certain sectors, and the fundamental change of conditions of taxation and codification of legislation.
  - Olympex Advisers

• M&A in Kazakhstan

  M & A transactions in Kazakhstan, as they are usually defined in international practice, when two giant companies merge into one global firm, do not take place in the country. Rather, it is a method of the entrance to the Kazakhstan market of foreign corporations, which make it through the purchase of a local company. Today, in connection with the development of special economic zones that provide attractive tax and customs benefits, the interest in the establishment of industrial production facilities there increased. They are also carried out by M & A transactions.
  - Linkage & Mind LLP

• Gas industry in Kazakhstan

  Kazakhstan's key industrial sectors are oil and gas, mining, electricity, transport and communications, chemicals and pharmaceuticals. These sectors were recognised as development priorities in the Government Programme for Accelerated Industrial-Innovative Development (2010 – 2014) (the "Programme"), the aim of which is to diversify the Kazakh economy and modernise industry. Therefore, in 2012, the major changes to the gas sector in Kazakhstan were a result of the Law on Gas and Gas Supply (the "Law on Gas") and appointment of KazTransGas JSC as the sole national operator.
  - Linkage & Mind LLP

• Overview of Legislation concerning the State Support of Industrial and Innovation Activities

  This article is prepared by Miran Maulenov, Cand. Sc Law, Managing Partner of Olympex Advisers LLP . For further information please email to Miran.Maulenov@olympex.kz
  - Olympex Advisers

• Transfer of the subsoil use right in Kazakhstan: risks and recommendations overview

  This article is prepared by Yessen Massalin, Head of Corporate practice. For further information please email to yessen@olympex.kz  
  - Olympex Advisers

• REVIEW OF SIGNIFICANT CHANGES REGARDING CUSTOMS UNION AND SINGLE ECONOMIC AREA

  In this issue we would like to draw your attention to the review of significant changes regarding Customs Union and Single Economic Area.
  - SIGNUM Law Firm

• FOREIGN STOCK EXCHANGE

  Hereby we inform you Article 22-1 of Law of the Republic of Kazakhstan No. 461-II dated 2 July 2003 "On securities market" was amended effective from 1 February 2012.
  - SIGNUM Law Firm

• LOCAL CONTENT REQUIREMENTS: POTENTIAL LIABILITY

  Ministry of Oil and Gas for the first time to impose the fines on the companies which are in breach of local content requirements.
  - SIGNUM Law Firm

• NEW IN LICENSING LEGISLATION

  In this issue we would like to draw your attention to recent amendment to the licensing rules.
  - SIGNUM Law Firm