On 24 June 2010, a new Law on Subsoil and Subsoil Use (the “Subsoil Law”) was adopted in Kazakhstan. The Subsoil Law describes in detail the procedure for issuance of approvals to transfer the subsoil use right and related objects. According to this law, objects related to the subsoil use right shall mean participatory interests (shares) in a legal entity holding the subsoil use right as well as a legal entitythat may directly and/or indirectly define and/or affect decisions of a subsoil user if the principal activity of such a subsoil user is related to subsoil use in the Republic of Kazakhstan.
- advising a subsoil user in connection with transfer of the subsoil use right and related objects into the charter capital of a legal entity;
- advising a Kazakhstani subsoil user in connection with drafting agreement of sale and purchase of participatory interest;
- advising a Kazakhstani subsoil user in connection with sale of participatory interest, including procedure for obtaining the state waiver of its pre-emptive right and approval of the competent authority to transfer the subsoil use right;
- advising a subsoil user in connection with preparation and support of the application for obtaining the state waiver of its pre-right emptive and approval to transfer the subsoil use right and related objects;
- advising a subsoil user in connection with amending the subsoil use contract in connection with transfer of the subsoil use right.
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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.
AmCham Members May Luncheon was held on 3 May 2018 and was attended by Mr. Emil Bashirov the Lawyer, GRATA Azerbaijan.
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.
"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).
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).
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.
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.
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.
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.
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.
GRATA International has been recognised for its Deal of the Year 2017 by China Business Law Journal.
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”).
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.
On 23-25 April, the English Law Summit was held in Astana and Almaty, where GRATA International Law Firm took an active part.
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.
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.
The Law on Advertising (2002) and Law on Medicines and Medical Devices (2010) are main laws to regulate advertising of medicines in Mongolia.
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.
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.
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.
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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