Correctly choosing the type of legal entity under Kazakhstan law (LLPs, joint-stock companies, public associations, etc.), clearly defining the rights and obligations of each founding member, and maintaining valid state registration are the pillars of good company conduct.

For due registration of corporate changes, our lawyers provide the full spectrum of legal services, including:

  • convocation and carrying out of general meeting of participants (shareholders) or other authorised bodies, and  drafting of the meeting's minutes;
  • observance of the priority right of purchase of shares in company (in case of sale of a share to a third party);
  • preparation of changes and additions to the company's foundation and other internal corporate documents;
  • re-registration of the company and notification to the state authorities about changes to the foundation documents.
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24.05.2018

New stage of cooperation between business circles of Uzbekistan and Germany: the proposal to create a German industrial zone in Tashkent

During an IV meeting of the German-Uzbek Business Council which was held in Tashkent, Prime Minister of Uzbekistan Abdulla Aripov invited the largest German companies to open their business in the Republic of Uzbekistan.

24.05.2018

In Uzbekistan small tourist zones will be created

The authorities of Uzbekistan are planning to create three small tourist zones in the Surkhandarya region. Relying to the Resolution of the Cabinet of Ministers, the Basnoi, Sariasiy and Sherabad zones will be established for the development of tourism in the region.

24.05.2018

Incentives for leather and footwear industry in Uzbekistan

In Uzbekistan, it was adopted Presidential Decree, "On measures to further stimulate the development and growth of export potential of leather and footwear and fur industries”.

24.05.2018

SkyPower Global invests US$1.3 billion in solar energy in Uzbekistan

SkyPower Global (Cayman Islands) will invest US$1.3 billion in a project to build photovoltaic solar energy facilities.

24.05.2018

The procedure and rules for the operation of non-governmental non-profit organisations will be significantly simplified

On May 4, 2018, it was signed the Presidential Decree, "On measures to radically increase the role of civil society institutions in the process of democratic renewal of the country", which will amend current regulating system of NGOs, specifically:

 

24.05.2018

World Bank Group President pledges $940 million financing for Uzbekistan’s reforms

World Bank Group President Jim Yong Kim met with Uzbek President Shavkat Mirziyoyev to discuss Uzbekistan’s social and economic transformation and to reaffirm the World Bank Group’s support for reforms to accelerate economic growth and boost shared prosperity, the World Bank reported.

24.05.2018

The companies of Uzbekistan and the US signed a number of agreements in the oil and gas sector and energy

The companies of Uzbekistan and the US signed a number of agreements in the oil and gas sector and energy within the framework of the visit of the President of Uzbekistan Shavkat Mirziyoyev to Washington.
Uzbekistan and leading US companies signed agreements worth about US$5 billion.

24.05.2018

Public may be allowed to invest in gold bullions, precious metals and stones

The Central Bank of Uzbekistan posted the draft Precious Metals and Precious Stones Bill for public consultation. The bill provides for that gold bullions may be used (purchased) by individuals and legal entities, including non-residents of the Republic of Uzbekistan, as investments.

24.05.2018

Uzbekistan and Turkey signed an agreement on the protection of the rights of migrant workers and members of their families

Uzbekistan and Turkey signed an agreement on the protection of the rights of migrant workers and members of their families.

23.05.2018

GRATA International took part in 12th Azerbaijan International Agriculture Exhibition

12th Azerbaijan International Agriculture Exhibition (Caspian-Agro 2018) / 24th Azerbaijan International Food Industry Exhibition (WorldFood Azerbaijan 2018) was held on 16-18 May 2018 and was attended by Mr. Emil Bashirov the Lawyer, GRATA Azerbaijan.

23.05.2018

GRATA International took part in AmCham Members May Luncheon

AmCham Members May Luncheon was held on 3 May 2018 and was attended by Mr. Emil Bashirov the Lawyer, GRATA Azerbaijan.

23.05.2018

GRATA International took part in SOCAR III International Caspian and Central Asia Downstream Forum

GRATA International became a sponsor of the SOCAR III International Caspian and Central Asia Downstream. The event was held on 23-26 April 2018 and was attended by Mr. Emil Bashirov the Lawyer, GRATA International Azerbaijan. 

23.05.2018

GRATA International gave a presentation on “Doing Business in Azerbaijan”

"Doing Business in Azerbaijan” Presentation (Center for Analysis of Economic Reforms and Communication) was held on 26th April 2018 and was attended by Mr. Emil Bashirov the Lawyer, GRATA International Law Firm (Office in the Republic of Azerbaijan).

23.05.2018

The Polish law considerations: advance amount versus earnest money. Recovery of an amount by the purchaser

This article is to discuss legal issues that may arise under Polish civil law in connection with the conclusion of a preliminary sale agreement and payment by the purchaser prior to execution of the final sale agreement of the amount which may be classified, depending on the parties’ decision, either as an earnest money (in Polish: zadatek) or as an advance amount (in Polish: zaliczka).

23.05.2018

Business Constitution – opening of the Polish administration towards entrepreneurs

As of 30 April 2018, a package of five legal acts adopted on 6 March 2018 aimed at facilitating business activity entered into force in Poland.

22.05.2018

Basic legal aspects of branch and representative office activity in Poland

Under the Polish law, a foreign entrepreneur may, based on the reciprocity principle,  set up its branch in the Republic of Poland. The scope of the branch's activity may include only the activity that is performed by the entrepreneur in the country of its  incorporation. 

22.05.2018

Determination of the lease price of roofed work place within the scope of Turkish Law

In generally, the relationship between a landlord and a tenant is governed by a contract. That contract is referred to as the lease. A lease is an agreement between the landlord and the tenant in which the landlord agrees to allow the tenant to occupy a building or a piece of property owned by the landlord generally in return for the payment of periodic rent. Any issues relating to landlord/tenant law must initially be looked at in terms of what the lease calls for as to the respective rights and obligations of two parties.

22.05.2018

Legal Summary on Electronic Money Regulation in Mongolia

New Law on National Payment System, dated 31 May 2017, shall become effective from 1 January 2018. The importance of the new law is an integrated payment system launch between the Central Bank, commercial banks, legal entities, other financial institutions and individual customers. As result of the law enactment, the Central Bank will be able to control all payment transactions of all participants of Mongolia financial market.

18.05.2018

Can Islamic finance solve Kazakhstan’s renewable energy growth problems?

As the Central Asia’s largest and richest country, Kazakhstan has a lot of natural advantages for the development of renewables, including 3,000 hours of solar radiation a year and the average annual wind speed of nine meters per second in some parts of the country.

16.05.2018

GRATA International won China Business Law Journal's ‘Deals of the year 2017’ award

GRATA International has been recognised for its Deal of the Year 2017 by China Business Law Journal.

11.05.2018

Kazakhstan: insurance market overview

The insurance market in Kazakhstan is mainly regulated by two legal acts, namely, the Civil Code of the Republic of Kazakhstan dated 27 December 1994 (the “Civil Code”)and the Law of the Republic of Kazakhstan “On Insurance Activity” No.126-II dated 18 December 2000 (the “Insurance Law”). 

11.05.2018

Gulnur Nurkeyeva gave a speech on "The Second Global Law Firm Cooperation Forum and Lawyers' Private Advisory Board Conference"

Gulnur Nurkeyeva gave a speech on "The Second Global Law Firm Cooperation Forum and Lawyers' Private Advisory Board Conference" in Beijing on May 9, 2018 hostet by Beijing DHH Law firm.  

11.05.2018

GRATA International took part at the English Law Summit

On 23-25 April, the English Law Summit was held in Astana and Almaty, where GRATA International Law Firm took an active part.

04.05.2018

Kazakhstan: Introduction of user identification requirements aimed at regulating mass media

The President of Kazakhstan, Nursultan Nazarbayev, signed, on 28 December 2017, the Law No. 128-VI on Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Issues of Information and Communication (‘the Law’). Marina Kahiani and Lola Abdukhalykova, Partner and Associate at GRATA International, provide an analysis of the obligations under the Law, including user identification, data retention and data localisation provisions, applicable for telecommunications operators and website operators.

28.04.2018

Kyrgyzstan: Insurance Market Overview

Kyrgyz law identifies insurance activity as an activity of organisations that have a license to provide services to individuals and legal entities for premium services, the subject of which are contractual specific obligations of the insurer in the event of an unknown event, with the distribution of risk among a large number of persons exposed to such a risk, calculated on the basis of the principle calculation of large numbers.

28.04.2018

Medical Advertising in Mongolia

The Law on Advertising (2002) and Law on Medicines and Medical Devices (2010) are main laws to regulate advertising of medicines in Mongolia.

26.04.2018

GRATA Intenational was appointed as a Member of the AIFC Court Users' Committee and the International Arbitration Centre Users' Committee

GRATA International law firm was appointed as a Member of the AIFC Court (the "Court") Users' Commitee and the International Arbitration Center (the "IAC") Users' Committee.

26.04.2018

Implementation of projects in the area of Renewable Energy Sources (RES)

The rapid development of the energy sector in the Republic of Kazakhstan forced the state to actively focus on creating conditions for the use of renewable energy sources. EXPO-2017 have become an additional incentive for the development of renewable energy projects. However, the renewable energy sector is, relatively young in Kazakhstan and there are a number of issues that need to be discussed. Some of them we would like to discuss below.

26.04.2018

Gold Rush coming to Kazakhstan?

As it is known, Kazakhstan adopted a new Code on Subsoil and Subsoil Use dated 27 December 2017 (“Code"), which comes into force on 30 June 2018.

25.04.2018

Yerbolat Yerkebulanov spoke on “Novelties in the Subsoil Code for Petroleum Subsoil Users”.”

On 19 April 2018, Yerbolat Yerkebulanov, partner of GRATA International (Subsoil Use Dept.) spoke  on “Novelties in the Subsoil Code for Petroleum Subsoil Users”.”


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Bolat Miyatov

Partner, Head of Corporate Law Department

Almaty

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