Main Changes In Kazakhstan's Financial Legislation In Q1 2025

CHANGES TO THE CIVIL CODE (SPECIAL PART)

• Amendments have been introduced to the Civil Code of the Republic of Kazakhstan (Special Part) No. 409-I dated 1 July 1999 (the "Civil Code") aimed at updating the regulatory framework in the area of public-private partnership (the "PPP") and enhancing the social protection of individuals in connection with the use of educational savings and insurance payments.
• The regulation of the lease of state property under PPP arrangements has been simplified: references to concessions have been removed, with the focus placed solely on public-private partnerships.
• Article 738-2 has been revised, the specifics of financing PPP projects through the assignment of monetary claims are now governed by the special PPP legislation, without reference to concession regulation. The law clarifies the regulatory framework by establishing that PPP norms apply separately from concession agreements, reflecting the development of an