The Civil Code of the Republic of Kazakhstan recognizes the concept of “undisclosed information.” Indeed, the right to use such information is a recurring topic in the provisions governing licensing/sublicensing contracts, pursuant to which a…
When handling client consultation on Kazakhstan law matters, we frequently face situations where, in approaching public bodies for registration purposes (be it the registration of companies/branch or representative offices, or the registration of encumbrances on…
This Client Update covers the key amendments to the laws of the Republic of Kazakhstan (“RK”) and various legal developments introduced in September and October 2016. NOVELTIES IN LEGISLATION The laws covered by the present Client…
The government support of investments aims at making a favourable investment climate and attracting investments for setting up new entities, developing and upgrading existing companies by using state of the art and new technologies, arranging…
The accession of Kazakhstan to the WTO led to the changes in Kazakhstan legislation. In this review, we would like to specifically refer to the matters of Trademark use.
On 30 October 2015, the president of the Republic of Kazakhstan (“RK”) signed the Business Code (“BC”).
BC is a consolidated code that embodies basic legal acts on regulations of enterprise. The adoption of BC renders the following regulatory legal acts invalid:
1. The Law of the Republic of Kazakhstan of March 31, 1998, “on peasant and farm households”
2. The Law of the Republic of Kazakhstan of January 8, 2003, “on investments”
3. The Law of the Republic of Kazakhstan of January 31, 2006, “on private enterprise”
4. The Law of the Republic of Kazakhstan of December 25, 2008, “on competition”
6. The Law of the Republic of Kazakhstan of January 6, 2011, “on state control and supervision in the Republic of Kazakhstan”
6. The Law of the Republic of Kazakhstan of January 9, 2012, “on state support of industrial innovative enterprise”
In the message dated 30 November 2015, President Nursultan Nazarbayev stated the need to review a number of terms of the Law ”On state property”. The President also commissioned the Government to draw up a…
On 23 November 2015, the President of Kazakhstan signed the new Labour Code of the Republic of Kazakhstan as well as a regulatory act entitled “On Amendments to Certain Legislative Acts of the Republic of Kazakhstan on Labour Regulation Issues”, aimed at bringing conformity to current legislation and to the newly adopted Labour Code.
Both regulatory acts have been adopted for the purpose of modernising labour relationships in terms of realising the National plan “100 specific steps towards the realisation of five institutional reforms”.
•Simplifying the procedure to alter the terms of employment agreements
•Extending grounds for termination of employment agreements on the initiative of employers
•Granting employers the right to set probation periods for all categories of employees
•Instituting a comprehensive approach to the issue of the employment of the disabled
•Creating a choice of form, system, and rate of the salary paid to employees according to employer acts or initiatives by employee representatives
•Establishing an institute of technical inspectors from among employees, nominated by trade unions, for the purpose of enhancing social control
In the present Client Update, we will briefly review each of the above novelties and will describe some of them in detail in our future releases.
SIGNUM M&A Partner Liza Zhumakhmetova participated in InvestPro – Kazakhstan 2015, an international conference organized by BOSCO Conference on 7 September 2015 in Almaty. The conference brought together consultants and professionals representing law firms, investment…
The Law of the Republic of Kazakhstan on State Registration of Immovable Property Rights dated 26 July 2007 (“the Law”) has been amended by the Law of the Republic of Kazakhstan On Amendments to Certain Legislative Acts of the Republic of Kazakhstan On Fundamental Improvement Of Business Environment for Entrepreneurship in the Republic of Kazakhstan dated 29 December 2014.