17.05.2016

Developments in the Kazakh corporate legislation

We draw your attention to the most important aspects in the Kazakh corporate legislation in connection with promulgation of the Law of the Republic of Kazakhstan "On amendments and modifications to some legislative acts of the Republic of Kazakhstan on the issues of reducing permit documentation and simplifying licensing procedures".

On 29 March 2016 the President of the Republic of Kazakhstan Nursultan Nazarbayev signed a Law "On amendments and modifications to some legislative acts of the Republic of Kazakhstan on the issues of reducing permit documentation and simplifying licensing procedures", which came into force on 21 April 2016 (the “Amendments”).

In this review, we will highlight the most significant developments in the Kazakh corporate legislation - the Law of the Republic of Kazakhstan "On Limited and Additional Liability Partnerships» №220-I dated on 22 April 1998 (the "LLP Law") and the Law of the Republic of Kazakhstan "On Joint Stock Companies» №415-II dated on 13 May 2003 (the "JSC Law").

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