According to the Law of the Republic of Kazakhstan on Subsoil and Subsoil Use dated 24 June 2010 (hereinafter – the “Subsoil Law”), no one can be deprived of the subsoil use right on grounds other than those established by the Subsoil Law and other laws of the Republic of Kazakhstan. The subsoil use contract can only be terminated in cases specified by the Subsoil Law and the subsoil use contract. Besides, it should be noted that pursuant to the Subsoil Law, the competent authority has the right to early unilateral termination of the contract.
Our lawyers have extensive experience related to termination of subsoil use contracts, starting from negotiations with the competent authority to drafting termination agreements. Our branch office in Astana allows us to communicate with state authorities on a regular basis.
Taking into consideration grounds of termination of the contract as well as the fact that the termination does not release a subsoil user from its obligations to return the contract area to the state and to liquidate consequences of subsoil use operations, lawyers also participate in settlement of complex issues arising when terminating the contract.
Whereas a subsoil user has the right to require early termination of the contract through the court, the practical experience of our lawyers allows defending the interests of a client in the court with the maximum benefit.
In case of the termination of subsoil use contracts, our experts:
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