Kazakhstan’s Recent Arbitration Enforcement Precedent: A Loophole Allowing Debtors To Hide Assets?

1. Why Kazakhstan Is Important for Foreign Business

Since gaining independence in 1991 and following the collapse of the Soviet Union, Kazakhstan has consistently looked outward foreign investors and strengthen its economy. The oil and gas sector remains one of the most attractive areas for many investors, especially for the major players from Europe and the United States. Although the economy has grown rapidly since 1991, Kazakhstan continues to pursue an investor- friendly course, as there are still many areas as agriculture, technology, financial services and others to be improved with the involvement of foreign investments^1.  

Foreign business generally has the same opportunities to do the business activities, establish local companies and invite foreign employees. Foreign-owned companies registered under the laws of Kazakhstan are considered local entities.