Security As A Measure Of Comfort For Creditors

LEGAL FRAMEWORK / REGULATION

The legal particulars regulating securities law system of Kazakhstan is primary based on the following legal acts:

1. Civil Code¹;
2. Mortgage Law²;
3. Immovable Property State Registration Law³;
4. Movable Property Pledge Registration Law⁴;
5. Specific laws applicable to certain assets (i.e. land plots, subsoil, securities, etc.), such as: Land Code⁵; Subsoil Law⁶; Securities Law⁷ etc.

The Civil Code is the main legislative act which provides the basic rules and general procedures regulating securities which secure underlying obligations between a lender (creditor) and a borrower (debtor). However, security over different assets is also regulated by specific laws which directly apply to such assets.