Let us to introduce you the 'Doing Business in Kazakhstan' publication developed by GRATA International.

The International Comparative Legal Guide : Corporate Recovery & Insolvency 2016, 10th edition. A practical cross-border insight into corporate recovery and insolvency work.

On 11 May 2020, the President of the Republic of Kazakhstan Kassym-Jomart Tokayev at the session of State Emergency Commission ordered the suspension of the initiation of bankruptcy...

The Law of the Republic of Kazakhstan No. 176-V "On Rehabilitation and Bankruptcy" dated 7 March 2014was amended as follows:

Let us to introduce you the 'Doing Business in the Republic of Kazakhstan' publication developed by GRATA International.

In 2019, the process of making important amendments to the legislation of Kazakhstan, including banking and financial laws, continued.

The Law sets out an exhaustive list of grounds when a company director may be held secondarily liable for liabilities of the company.

The Law of the Republic of Kazakhstan No. 564-IV ЗРК of 17 February 2012 "On amendments to some legislative acts of Kazakhstan regarding the recovery of competitive enterprises"

If an investor wishes to commence oil and gas activity (exploration/production) in the Republic of Kazakhstan ("RoK")

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

In the course of bankruptcy proceedings, the taxpayer may incur tax obligations for the payment of corporate income tax (hereinafter - ‘CIT') and value-added tax (hereinafter – ‘VAT') when the bankrupt's assets are sold.

This note discusses recent developments in Kazakhstan on the suspension of the initiation of bankruptcy proceedings.

GRATA International presents a comparative overview of the liability of CEOs and company directors across multiple jurisdictions, including Armenia, Belarus, Kazakhstan, Kyrgyzstan, Malaysia, Mongolia, Russia, Tajikistan, Turkmenistan, Uzbekistan and the Philippines.

The previous "inability to pay its debts" test has been amended.

In order to implement the Development Strategy of Kazakhstan until 2050 and create a welfare society based on a strong state, significant changes, additions and innovations are introduced...

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...

Kazakhstan's new Banking Law introduces a comprehensive two-tier licensing system, Islamic banking windows for traditional banks, and a sophisticated bank insolvency resolution regime that fundamentally alters creditor protections and shareholder rights.

Bankruptcy vs. Liquidation

Kazakhstan entered 2017 as a full-fledged member of the World Trade Organization.

Developing legal provisions is a key to maintaining a balance between the interests of business and government, which should seek mutual benefit.