ARTICLE · 01 AUGUST 2016

Legislation Alert - May 2016

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On May 16, 2016 the President of the RoK has signed the Law of the RoK "On ratification of the Agreement between the Government of the RoK and Government of Macedonia on mutual promotion and protection of investments".

KazakhstanTax

Main amendments to the legislation

1.Regarding ratification of the Agreement on promotion and mutual protection of concluded investments between the Republic of Kazakhstan (further – the "RoK") and Macedonia

On May 16, 2016 the President of the RoK has signed the Law of the RoK "On ratification of the Agreement between the Government of the RoK and Government of Macedonia on mutual promotion and protection of investments" (further – the "Law").

The Law provides a number of provisions and updates on investment terms taking into account common interests and capabilities of the parties of the agreement.

Additionally, the Law contains provisions governing procedure of formation of the international Arbitration court which isorganized to settle disputes between the states.

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