Notes From Practice: Pledge Termination In Kazakhstan

When handling client consultation on Kazakhstan law matters, we frequently face situations where, in approaching public bodies for registration purposes (be it the registration of companies/branch or representative offices, or the registration of encumbrances on movable/immovable property), we have to offer the client an ad hoc solution to legal issues. This is largely due to the absence in Kazakhstan of laws with clear and comprehensive requirements for certain legal matters. Consequently, public officials often have room for interpreting law provisions at their own discretion, without reference to a specific legal provision.

In this note, we would like to share two cases from our recent practice on the registration of property pledge termination in Kazakhstan. First, we would like to share our experience with the registration of movable property pledge termination, where our client – a foreign company – acted as a pledge holder. During this seemingly simple legal