Mergers and acquisitions in Kazakhstan are now subject to the new Law "On Competition and Restriction of Monopolistic Activities" (the "New Antimonopoly Law"), adopted on July 7, 2006, which repealed the law that had been in effect since 2001 (the "Old Antimonopoly Law"). The New Antimonopoly Law introduces several significant changes, particularly with respect to prior consent from the antimonopoly authorities for an acquisition.

GRATA International Banking & Finance Team is pleased to provide you with a brief overview of the main changes to the legislation of the Republic of Kazakhstan in January-March 2024...

Концепция ток-шоу «QARZHY» для освещения деятельности МФЦА по заказу Министерства Инфорl

Today, on January 11th of 2022, a new Prime Minister of the Republic of Kazakhstan was appointed - Alikhan Askhanovich Smailov.

The acquisition of a Bank in Kazakhstan is an attractive investment prospect due to Kazakhstan’s developing economy coupled with the great potential of the financial market.

In 2024, Kazakhstan's financial regulator and the president of Kazakhstan emphasised repeatedly the necessity of updating the nation's banking laws to align with global economic trends.

A guarantee, as a means of securing the performance of a commercial obligation, is widely applied among businesses operating in Kazakhstan and abroad.

The Law on Minimisation of Risks came into effect on 1 February 2012 (apart from certain provisions).

On 11 March 2017, the Law of the Republic of Kazakhstan ('the RK') No. 49-VI 'On Amending Certain Legislative Acts of the Republic of Kazakhstan on Improvement of Civil and Bank Laws...

The declaration of a state of emergency in the light of the COVID-19 epidemic, the following quarantine, the related restrictions, the fall in oil...

On 6 May 2017, the President signed the Law No. 62-VI ‘On Debt Collection Activities' (herein referred to as ‘the Law').

On February 6, 2020, the Parliament of Kazakhstan ratified the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting ("MLI").

Financial lease is a common practice in Kazakhstan and is in high demand as it is a more favourable option for asset acquisition than making a straightforward purchase.

On 30 December 2024 the Order of the Minister of Finance of the Republic of Kazakhstan dated 24 December 2024 No. 866 ‘On amendments to the Order of the Minister of Finance of the Republic of Kazakhstan...

The recent outbreak of COVID-19 pandemic has not created new issues for Kazakhstan's economy, but it has uncovered the existing ones. Long before the pandemic it was already clear...

In Kazakhstan, funding secured by rolling stock is gaining popularity.

The question of whether or not there is any Islamic finance development in Kazakhstan is not easy to answer. There is definitely strong support from the government of Kazakhstan

Project finance transactions involving Kazakhstan insurance organisations present unique challenges when foreign lenders seek to create comprehensive security packages. This article examines the Reinsurance Assignment Deed (RAD), an instrument widely used in international practice but novel in the Kazakhstan market, analyzing its structure under English law and the critical Kazakhstan law considerations that arise despite the choice of foreign governing law.

Acquisitions typically require the buyer to exercise a substantial amount of prior due diligence. Before committing to a transaction, the buyer will want to obtain an understanding of, amongst other things: