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Legal Developments in Kazakhstan

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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.
  • 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.
  • 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.
  • 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.
  • 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
  • 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  
  • 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.
  • 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.
  • 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.
  • NEW IN LICENSING LEGISLATION

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

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • Austria/Malta: Schoenherr advises Oesterreichische Volksbanken on sale of Volksbank Malta

    Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Österreichische Volksbanken-AG (OeVAG) on the sale of its fully-owned subsidiary Volksbank Malta Limited to Malta-based Mediterranean Bank plc. On 11 April 2014, OeVAG and Mediterranean Bank signed a Share Purchase Agreement for 100% of the shares in Volksbank Malta. Closing shall take place after the required approvals of the relevant regulatory bodies are received. read more...
  • Austria: Stefan Kuehteubl new head of Employment practice at Schoenherr

    Stefan Kuehteubl will join Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), as a partner and the head of the firm's Employment practice as of July 2014. A highly-regarded employment law practitioner, Kuehteubl will be returning to Schoenherr, where he previously worked as a member of its employment team between 1999 and 2004. During the past ten years, he worked in a well-known Vienna-based employment law boutique, in which he was a partner since 2008. read more...
  • Proud to continue charitable donations in 2014

     Read more...
  • New Swiss Law on Product Safety

    The Swiss law on product safety ( Produktesicherheitsgesetz, PrSG) is currently scheduled to enter into force on July 1, 2010. This new law aligns Swiss product safety requirements with EU law. It applies not only to manufacturers, but to anyone who commercially or professionally markets products in Switzerland, and it introduces substantial new obligations before and after the sale of a product.
  • Chambers Global has once again recognised Pepeliaev Group's tax practice as the best in Russia

    The Chambers Global 2014 international ratings have hailed Pepeliaev Group's tax practice and the firm's managing partner Sergey Pepeliaev as Russia's best in the area of taxation (band 1 and Star Individuals). Commentators describe Mr Pepeliaev as "the father of Russian taxation." He has an outstanding reputation in tax litigation, for which he is said to be "absolutely brilliant." In addition, Chambers Global  lavishes praise on Rustem Ahmetshin (band 2), one of the firm's senior partners, who has considerable expertise in areas such as VAT and audit advice. Chambers Global sources commend Pepeliaev Group partner Valentina Akimova (band 3) as a "smart tax specialist." She has significant experience in a wide range of tax matters such as VAT, income tax and excise duties. Sources recommend Andrey Nikonov (band 3), another senior partner in the firm, as an authority on VAT, mineral extraction tax and unified social tax.  Chambers Global also rates Mr Nikonov highly for his experience in resolving tax disputes advising on the tax aspects of M&A transactions.
  • DHIR & DHIR ASSOCIATES ADVISES NATIONAL HOUSING BANK ON THE TRANCHE- II OF PUBLIC ISSUE OF TAX FREE

    Dhir & Dhir Associates advised National Housing Bank, wholly owned by Reserve Bank of India, on the Tranche- II of public issue of tax free bonds in the nature of secured, redeemable, non-convertible debentures with benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, aggregating upto Rs. 1,000 Crore.
  • WHAT CANNOT BE DONE DIRECTLY CANNOT BE DONE INDIRECTLY ANDHRA PRADESH HIGH COURT

    In a recent landmark judgment of the Hon'ble Andhra Pradesh High Court in the matter of Deccan Chronicle Holdings Ltd. (DCHL) & Ors. Vs. Union of India & Ors ., the Hon'ble Court has laid down an important principal of law to the effect that SARFAESI Action can be taken by an assignee/ successor in interest only if the original lender had SARFAESI power.
  • DHIR & DHIR ASSOCIATES ADVISES NATIONAL HOUSING BANK ON THE PUBLIC ISSUE OF TAX FREE BONDS AGGREGATI

    Dhir & Dhir Associates advised National Housing Bank, wholly owned by Reserve Bank of India, on the public issue of tax free bonds in the nature of secured, redeemable, non-convertible debentures with benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, aggregating upto Rs. 2,100 Crore.
  • Angel Buzalov from “Popov & Partners” has participated in “Legal Day 2014”of GBICC

    On 20.03.2014 was carried the first part of the annually organized forum "Legal Day" of German-Bulgarian Industrial Commercial Chamber. Representatives of the leading legal companies in Bulgaria and industry representatives also took part in the event.
  • “Popov & Partners” took part in the consultations organized by the German-Bulgarian Industrial C

    On 24.03.2014 a meeting of the Advisory Board "Law" of the German-Bulgarian Industrial Commercial Chamber (GBICC) was held. The event was attended by representatives of the business as well as lawyers from major law firms in Bulgaria, including the law firm "Popov & Partners."