White & Case LLP (JD Supra Kazakhstan)

In March 2020, based on Decrees No.285 of the President of the Republic of Kazakhstan “On Imposition of the State of Emergency in the Republic of Kazakhstan” dated 15 March 2020 and No.286 “On Measures to Ensure Social and Economic Stability” dated 16 March 2020, financial regulators has adopted decrees providing financial support to Small and Medium Sized Enterprises for the purpose of decrease...

As it is known, the Code of the Republic Kazakhstan "On subsoil and subsoil use," which was adopted 27 December 2017 (the "SSU Code"), came into force on 29 June of this year.

On 13 November 2015, the Law of the Republic of Kazakhstan “On Introduction of Amendments and Supplements to Certain Legislative Acts of the Republic of Kazakhstan on the Issues of Rehabilitation and Bankruptcy” (the “Law”) was signed and its provisions were put into effect on 29 November 2015. The Law introduces amendments into the Civil Procedure Code of the Republic of Kazakhstan, the Tax Code

On 9 September 2015 the Mazhilis of Parliament of the Republic of Kazakhstan approved at the first reading the draft law "On Introduction of Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Matters Concerning the Improvement of Special Economic Zones" aimed to improve position of the participants of special economic zones ("SEZ"), to increase investment...

On 5 May 2015 the President signed the Law of the Republic of Kazakhstan “On Introduction of Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Natural Monopolies and Regulated Markets” No. 312-V (the “Amendments”). The Amendments came into force on 18 May 2015 (with some exceptions). The purpose of the Amendments is to liberalize the antimonopoly...

Kazakhstan’s new legal and regulatory changes are part of a push for progress and are a step in the right direction in creating a simpler, more transparent and attractive environment for international investment in the mining sector. At the turn of the year, officials in the Republic of Kazakhstan continued their push for progress in the mining and metals sector. In December, Kazakhstan...

The Law of the Republic of Kazakhstan “On introduction of amendments and additions to certain legislative acts on subsoil use matters” No. 271-V 3PK was adopted on 29 December 2014 and, save for the specified provisions, became effective from 11 January 2015. Affecting the Subsoil Use Law, the Land Code, the Tax Code, the Code on Administrative Offenses and the Environmental Code, the...

The Law of the Republic of Kazakhstan “On introduction of amendments and additions to certain legislative acts on subsoil use matters” No. 271-V 3PK was adopted on 29 December 2014 and, save for the specified provisions, became effective from 11 January 2015. Affecting the Subsoil Use Law, the Land Code, the Tax Code, the Code on Administrative Offenses and the Environmental Code, the...

On 6 August 2014 the President of the Republic of Kazakhstan issued Decree on reorganization of the Government (the “Decree”). The Decree envisages integration of ministries or certain authorities of theirs into one ministry, transformation of some agencies into committees at the ministries, as well as integration and liquidation of various committees within the ministries. As...

The Government of Kazakhstan has introduced a further increase in the rate of the export customs duty for crude oil. On 11 March 2014, the Government of Kazakhstan adopted Resolution (No. 211) (the “Resolution”) increasing the rate of export customs duty for crude oil from USD 60 to USD 80 per tonne. The increased rates came into force on 12 March 2014. Export customs fees...

A list of the production areas, jobs and employee occupations for which employers are to make occupational pension contributions at their own expense has been approved. As of 1 January 2014, the Law “On Provision of Pensions in the Republic of Kazakhstan” dated 21 June 2013 (hereinafter, the “Law”) requires all employers whose employees are engaged in work with harmful (extremely harmful)...

The Parliament of Kazakhstan is considering a draft Law “On the ‘Innovative Technologies Park’ Innovation-Oriented Cluster” (the “Draft Law”) which may oblige subsoil users to finance the Fund managing the Innovative Technologies Park in an amount of up to 1% of their annual income. The Draft Law provides for and governs the creation of a so-called innovation oriented cluster based on the...

On 22 July 2013, the Law of the Republic of Kazakhstan “On the National Chamber of Entrepreneurs of the Republic of Kazakhstan” dated 4 July 2013 took effect (the “National Chamber Law”). Pursuant to the National Chamber Law, on 29 August 2013 the Government of the Republic of Kazakhstan and the Association of Legal Entities “National Economic Chamber of Kazakhstan “Atameken Union” (“Ata

New amendments to the legal regime for exploration and production of oil and gas in Kazakhstan have been developed by a government working group. Affecting the Subsoil Use Law, the Code on Administrative Violations and the Environmental Code, the amendments primarily aim, on the one hand, to attract more investments in the industry by liberalizing and simplifying the rules, and, on the...

On 21 May 2013, the Parliament of the Republic of Kazakhstan adopted the Law “On Personal Data” (the “Personal Data Law”), which entered into force on 25 November 2013. The Personal Data Law affects all commercial and non-commercial legal entities in Kazakhstan, including governmental agencies, which collect, store and use personal information in relation to the individuals in their...