Amendments To The Antimonopoly Legislation Of The Republic Of Kazakhstan

The new Law of the Republic of Kazakhstan on Amendments to Certain Legislative Acts of the Republic of Kazakhstan concerning Natural Monopolies and Regulated Market dated 5 May 2015 (hereinafter - the 'Law'), that amended the Law of the Republic of Kazakhstan on Competition dated 25 December 2008 (hereinafter - the 'Competition Law'), entered into force on 17 May 2015.

In this note we cover the most important developments made by the Law.

The Law introduced a definition of anticompetitive horizontal agreements or concerted actions (cartel) and discriminatory conditions.

The Law also introduced the procedure on prevention of violation of the antimonopoly legislation if the market entity's intended actions may lead to breach of the anti-trust legislation, where there are no grounds to start an investigation.

The most significant change made to the Competition Law is an increase of the threshold for acquisition of the shares in a legal entity, where such acquisition is regarded as an economical concentration from 25% up to 50%, i.e. the latest amendments to the Competition Law defines as economic concentration an acquisition of more than 50% voting shares (participatory interests) of a...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT