SIGNUM Advised On Complex Transaction On Sale of Participation Interest in the PSA

Within 2011, our lawyers have advised on the transaction regarding the sale of participation interest in the Production Sharing Agreement on oil extraction in west Kazakhstan oilfield, which was closed in January 2012.

During the course of conclusion of the transaction and in the course of execution of the dilatory conditions, we advised on tax issues regarding the transaction and on issues regarding the permissions to transfer the subsurface use right. Moreover, we helped the client with the assignment of rights on objects, equipment and immovable property and also aided in reissuance of permissive documents to a new subsurface user.

Our lawyers on corporate matters, tax practice and permissive system have acquired a unique experience related both to the fact of uniqueness of the transaction due to lack of clear legislative regulation of such transfer.