On 31 October 2015, the President of the Republic of Kazakhstan
(hereinafter – the "RK") signed the new Civil
Procedure Code (hereinafter – the "CPC"), which
came into force on 1 January 2016. One of the major innovations is
the change in the jurisdiction of investment disputes that
(depending on the size of investment) will be considered by the
Court of Astana and the Supreme Court of the RK as a matter of the
court of first instance.
What do investment and investment activity imply?
Investment refers to all types of property (other than goods
intended for personal use), including financial leasing of objects
and the rights to them, invested by the investor for the charter
capital of legal entity, or for the increase of fixed assets used
for entrepreneurial activities, as well as for the implementation
of public-private partnership project, including concession
project. The investors are individuals and legal entities engaged
in investment in the RK. Investor's
