Article: How to close business by bankruptcy procedure
How to close business by bankruptcy procedure Symbat Tursyngali, Anar Kubeyeva Lawyers, Synergy Partners Law Firm A company, for example LLC [1], has decided to close its business. In this case there are several options: (1) The shareholders liquidate the…
Personal data protection: What documents does the company need to maintain in 2020?
PERSONAL DATA PROTECTION: WHAT DOCUMENTS DOES THE COMPANY NEED TO MAINTAIN IN 2020? Required internal documents for personal data protection According to the Personal Data Protection Act, the Company needs to maintain the following documents on the personal data protection…
Certificate of residence issues in Kazakhstan
Pitfalls with the certificate of residence Many non-residents use the tax convention and provide a certificate of residence, to avoid the double-payment of the corporate income tax. The certificate of residence is needed to get exemption from the corporate income…
New supplier’s audit
New supplier’s audit In practice, there are cases when the company made a deal with a new supplier for the first time and it is necessary to check such supplier for «trustworthiness». However, the company may have a question about…
Claim-splitting in debt recovery
Until 2017, many companies could split their claims into multiple claims, i.e. the claim-splitting, to check their positions in court. This helped the Company to learn the court’s position, save the state fees and create a pre-trial for the further…
Evidence in court
SERVING OF EVIDENCE IN COURT Earlier in the courts until 2016, parties were able to submit evidence to the court at any stage of the court proceedings unless the court renders the decision. However, from 2016 a new Civil Procedural…
Article: Shareholders’ Agreement in Kazakhstan
Shareholders’ Agreement in Kazakhstan Symbat Tursyngali Associate, Synergy Partners Law Firm LLC When a foreign investor wants to invest in Kazakh partner’s startup project, a joint venture is created. The first thing to take care of in such case is…
How does Synergy Partners litigate?
HOW DOES SYNERGY PARTNERS LITIGATE? OUR STANDARDS Historically, the court practice of Synergy Partners has been taking a significant place in our legal profession. Synergy Partners lawyers have established high standard and developed practices in litigation. All this helps us…
The register of unscrupulous suppliers
THE REGISTER OF UNSCRUPULOUS SUPPLIERS Nowadays in Kazakhstan there are the companies that are not able to participate in public procurement as suppliers. These are the companies that are included to the register of unscrupulous suppliers. In practice, many companies…
Restrictions on marketing the medicines and medical products
MEDICINE MARKETING RESTRICTIONS In Kazakhstan, new “Rules of ethical promotion of medicines and medical products” were adopted on 8 May 2019 (hereinafter—the Marketing Rules). These Marketing Rules introduced new restrictions on the promotion of medicines for the pharmaceutical companies and…