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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.
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 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.
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.
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
This article is prepared by Yessen Massalin, Head of Corporate practice. For further information please email to email@example.com
In this issue we would like to draw your attention to the review of significant changes regarding Customs Union and Single Economic Area.
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.
Ministry of Oil and Gas for the first time to impose the fines on the companies which are in breach of local content requirements.
In this issue we would like to draw your attention to recent amendment to the licensing rules.
Grau & Angulo celebrated its 10 th Anniversary in November, organizing a legal debate at the emblematic Casa Batlló in Barcelona. The partners wish to thank all their clients who have supported them in this exciting ten year journey.
Prestigious international publication The Lawyer has shortlisted Pepeliaev Group in the Best Russian Law Firm category for The Lawyer European Awards 2014 (http://www.thelawyereuropeanevent.com/).
Lidings, a leading legal advisor to foreign businesses in Russia, is delighted to announce that its client largest European low-cost air carrier Irish Rynair has been granted permission to fly to destinations in Russia.
GRATA Law Firm is pleased to announce the appointment of Zeinolla Kalymbetov as Counsel for Business Development in the London Office on 25th October 2013.
Head of dispute resolution practice at Lidings Andrey Zelenin and senior associate in the corporate and M&A practice Vadim Konyushkevich presented "Doing Business in Russia" seminar at the Shanghai Bar Association highlighting all principal aspects of legal regulation applicable to foreign investments in the country. Lidings became the first Russian law firm ever to receive presentation approval by the SBA and the Foreign Affairs Office.
HaoLiWen is pleased to announce that Mr. Li REN, a senior lawyer with extensive experience in anti-monopoly practice has joined HaoLiWen Beijing Office as a partner, effective from November 1, 2013. Mr. Ren previously worked with T&D Associates, a prestigious Chinese law firm. Previously, Mr. Ning Yang joined HaoLiWen as a partner of anti-trust practice.
Inchcape Russia has chosen Lidings to be its official legal adviser in Russia. Lidings will advise the leading auto retailer on corporate law matters, ensure protection of the company's assets in its investment projects and represent Inchcape in dispute resolution.
Lidings will serve as a sponsor and partner for the annual conference "Russia as a Place for Dispute Resolution: Anticipating the Changes" with support from ICC Russia and the ICC International Court of Arbitration. The event will take place on 10 December 2013 in Moscow at the Radisson Royal hotel. At the conference Russian and international experts will discuss the domestic processes in the development and reform of existing legal mechanisms designed to improve commercial dispute resolution.
Bosch has signed an agreement to sell the manufacturing operations for cells and modules in Arnstadt to SolarWorld AG.
(JAKARTA 18 November, 2013) - Squire Sanders and Melli Darsa & Co. (MDC), a leading law firm in Indonesia, are pleased to announce that they have agreed to a formal strategic alliance. Under the agreement, the firms will share a joint platform for business development and the marketing of legal services in Indonesia and international markets, and work closely together for the mutual benefit of a wide range of international and domestic clients.