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Kazakhstan

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Kazakhstan > Legal Developments > Law firm and leading lawyer rankings

Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

REMEDY AGAINST TRADEMARK INFRINGEMENT

Mr. Nurzhan Stamkulov, Ms. Dina Bektemirova

Kazakhstan legal framework provides a legal protection for owners of intellectual property. This article focuses on trademark infringement and legal actions available to protect brands.

PROBLEMS IN KAZAKHSTAN PENSION SYSTEM

Mr. Alzhan Stamkulov, partner

Synergy Partners Law Firm

State Pension Fund. Kazakhstan made a state monopoly on managing pension assets in 2013. Prior that reform about dozens of private pension funds in Kazakhstan that had been a major driver for a local stock market and finance. Nowadays JSC United Pension Fund accumulates all pension contributions and manages all pension assets; however, its revenues are negative. JSC United Pension Fund (JSC UPF) is fully owned state company.

Corporate Governance Problems in Kazakhstan

By Alzhan Stamkulov, partner, Synergy Partners Law Firm. In the course of our (Synergy Partners Law Firm) corporate law practice, we conducted legal due diligence in relation to more than 15 different Kazakhstani companies of different sectors, both large and medium-sized. Our experience helped us to identify some common problems in corporate governance. These problems can be observed by financiers, accountants and managers, but we would like to share these observations as professional corporate lawyers.

Liability for Irrational Subsoil Use

Liability for Irrational Subsoil Use

Sofiya Sailauovna Zhylkaidarova,

Managing Partner, SIGNUM Law Firm

The export of crude oil and other natural resources is one of the basic sources of income of our country. However, the active development of the oil and gas industry is related to the increased risk in the environment. Because of this, special legislation is actively being developed; new tendencies of the recent years include resolving actual issues of preservation and the rational use of subsoil resources. In pursuance of preservation and the rational and multiple use of subsoil resources, the legislator pays close attention to responsibility issues as the major “tool” and legal remedy to support rule of law in the subsoil use area.

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

February 2013 - Corporate & Commercial. Legal Developments by SIGNUM Law Firm.

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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.

Court Practice and Tax Risks for Subsurface Users in Kazakhstan

February 2013 - Tax & Private Client. Legal Developments by Olympex Advisers.

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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

January 2013 - Corporate & Commercial. Legal Developments by Linkage & Mind LLP.

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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

Our company continues to keep you informed about the recent important developments in the legislation of the Republic of Kazakhstan.

Apart from subsurface users, this article will also be of interest to other companies engaged in implementing investment projects or intending to invest in the territory of the Republic of Kazakhstan.

Speaking about the domestic investment climate, it should be noted that Kazakhstan improves its positions from year to year, ranking currently 47th by 2012 Doing Business (e.g. Russia is 120th), and 36th by the International Institute of Management Development (Russia is 49th).

Such high performance indicators have been achieved due to the timely decision made by the Head of the State to promote modernization and diversification of the Kazakhstan economy, which served as basis for the adoption of the Sate Programme of Forced Industrial and Innovation Development of the Republic of Kazakhstan in 2011- 2014.

On 9 January 2012, for the purpose of implementation of the above programme, the following laws were enacted: "On the State Support of Industrial and Innovation Activities" and "On Introduction of Amendments into Certain Legislative Enactments Concerning the State Support of Industrial and Innovation Activities", which contain new instruments of support and preferences both for local and foreign investors.

In this article we have attempted to cover the most important and key provisions of these laws in the drafting of which our company's experts were directly involved.