Doing Business: Product Liability
Product Liability The Civil Code provides for the full liability for the damages and sometimes for the future loses in connection with products, services or goods. However, a product liability may be limited by terms of a contract. In this…
Doing Business: Licenses
Licences The Licensing Act establishes licensing requirements for certain type of business activities. The list of activities that requires licensing is full and exclusive. There are three types of licenses: general, one-time and operational. The general license is granted for…
Doing Business: Procurement
State Procurement The State Procurement Act has special regulation on the procurement of goods, work and services by Kazakhstan’s state agencies, state enterprises and private legal entities, where the state owns at least 50% of shares (participatory interests) and their…
Doing Business: Environment
Introduction The Environmental Code regulates the environmental relations in the Republic of Kazakhstan. It is generally believed to be close to international standards of environmental regulation. General Environmental Requirements Individuals and legal entities which are involved in the use of…
Doing Business: Country Governance
Country Governance The Republic of Kazakhstan was the last country of the former Soviet Union to proclaim its independence on 16 December 1991. The President of the Republic of Kazakhstan is the head of the state and commander-in-chief of the…
Borrowings at international markets are available for Kazakhstan
BUSINESS INSIGHT This year KazTransGas took a US $400 mln syndicated loan with 1.5% 3M Libor. Interest rate is average. However, this transaction shows that since Russia-Ukraine crisis, Kazakhstan borrower market has again become attractive for international debt financers. Potentially,…
Kazakhstan business landscape faces a new frontier
BUSINESS INSIGHT More than two decades natural resources in Kazakhstan were a major driver for foreign investments and business opportunities. Everything was around natural resources. For the last five years prices on metals fall down and make mining less attractive…
CRE Breakfast, Almaty 2015
BUSINESS INSIGHT On January 30, 2015 it was a CRE Breakfast (Commerical Real Estate Association) business meeting of the real estate market participants in Almaty. Synergy Partners Law Firm has participated in the event and offers a summary of the discussions…