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Kazakhstan

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Editorial

Legal market overview

Kazakhstan is one of Central Asia’s most developed countries and, according to Forbes, is the biggest CIS economy after Russia. The country is largely dependent on natural resources such as oil, copper and gold. Recent oil production in the Kashagan oilfield is expected to boost economic activity in 2018, with the capacity to produce 370,000 barrels per day.

Another key driver of the Kazakh economy is China’s ‘One Belt, One Road’ project, which aims to improve trade routes between China and the West, and includes high-speed railways through Kazakhstan. The country also hosted the Astana Expo 2017, which dealt with the theme of ‘future energy’ and was attended by representatives from more than 100 countries.

Law firms are typically based in either Almaty or Astana. International law firms such as Dechert Kazakhstan Limited, Dentons, Baker & McKenzie - CIS, Limited, Morgan, Lewis & Bockius LLP, Reed Smith LLP, Curtis, Mallet-Prevost, Colt & Mosle LLP and White & Case Kazakhstan LLP all have offices based in the region. Norton Rose Fulbright recently closed its Almaty office and the team has transferred to newly established firm KM & Partners LLP. Key domestic firms in the region include Kinstellar LLP, Aequitas, Grata International and Centil Law.

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