Key Things To Know About Project Finance In Kazakhstan

1. OVERVIEW

1.1 What are the main laws that regulate project finance market in Kazakhstan?

The main laws of Kazakhstan that govern project finance are the Civil Code, securitisation law, securities law. Recently Kazakhstan recently enacted law on public-private partnership which aims to involve private sector in implementation of sophisticated projects such as road, rail, airport, energy projects. The legislation allows creation of a special purpose company and establishes new financing tools of long-term projects in which the basic source of maintenance and returning will be future receivables from the project company. Despite those progressive changes, the facility agreements for the most financing projects are still generally governed by English law.