Subsoil Use Code Expected Soon

The need for clear, applicable and updated rules of the game for the state and investors in the area of subsoil use is the main reason for the development of the Subsoil and Subsoil Use Code. The concept of the code was disclosed in June 2015. Most of the ideas written in the concept are actual and progressive and meet the main goals: (a) systemising the legislation; (b) excluding contradictions in legislation; (c) developing new institutions, methods and terms of subsoil use; and (d) using best international practices.

Information contained in this Client Update is of general nature and cannot be used as legal advice or recommendation. Please seek a lawyer for a specific advice. Please note that Kazakhstan is an emerging economy and its legislation and legal system are in constant development. Should you have any questions or would like to discuss matters addressed in this Client Update, please contact us.