On 6 July 2010, a new Law on Subsoil and Subsoil Use (hereinafter – the “Subsoil Law”) was adopted in Kazakhstan. The Subsoil Law provides for a number of important requirements on the local content related to purchasing goods, works, and services by subsoil users.
Subsoil users in their practice often face issues regarding the methods of local content calculation, use of different standards related to local content and different kinds of purchases, as well as the issues of preparing annual, medium-term, and long-term programs of purchase of goods, works, and services. Foreign subsoil users are also often interested in the methods of structuring personnel policy for the purpose of keeping qualified foreign employers while complying with the balance of local content.
advising on the issues of applying the procedure for purchasing goods, works and services by subsoil users;
advising on the issues of methods of local content calculation in course of purchasing goods, works and services;
advising on different mechanisms for structuring of personnel policy of subsoil users (retaining foreign employees in case of increasing the local content percentage);
drafting additional agreements to the subsoil use contracts in connection with the changes in the percentage of local content.
45 Rockefeller Plaza Suite 2000 New York, NY 10111
+1 (212) 332 3299; +1 (646) 387 4757
Follow us on social media
Subscribe to our newsletter to get the latest news
© 1992-2019 GRATA International. All rights reserved