Further Development Of The Competition Legislation In Kazakhstan

On 7 May 2015, amendments to certain legislative acts to improve Kazakhstan's legislation on natural monopolies and regulated markets, competition and development of the transport infrastructure were published. The Law of the Republic of Kazakhstan "On Amendments to Certain Legislative Acts of the RK Related to Natural Monopolies and the Regulated Market" will become effective upon the expiry of 10 calendar days following the official publication thereof (the "Amendments"). It substantially amends the RK Law "On Competition" (the "Law"). Please find below our summary of the most significant amendments.

1. Economic Concentration

a. An increase in threshold values at which the consent of the antimonopoly body is required