SIGNUM Lawyers Acting for Big European Oil and Gas Company Successfully Finalized Obtaining the Permissive Documents, Including the State’s Waiver Related to the Transaction on Sale of Oil Producing Asset

SIGNUM lawyers within last two months successfully assisted big European oil and gas company in obtaining the permissive documents, including the state’s waiver, related to transfer of the subsurface use right on the oil and gas field located in Kyzyl-orda region.

As a result of our work, conditions precedent has been met and deal is successfully continued.

Working on this engagement confirmed that detailed knowledge of the existing practice is important when acting on such engagements as there is no detailed legislative regulation of this process.