The law of the Republic of Kazakhstan on Public-Private Partnership
This Law determines legal conditions of public-private partnership, ways of its implementation, and regulates social relations arising in the process of preparation and implementation of public-private partnership projects, conclusion, performance and termination of public-private partnership agreements.
Public–Private Partnerships in Kazakhstan: Evolution of the Government Policy and Reality of PPP Deployment
This chapter examines public–private partnership (PPP) development in Kazakhstan from 1991 to the time of writing and reviews evolution of the PPP legislation and approaches used to create a PPP-enabling environment in order to draw lessons for the country’s future policy.
Obstacles to Public-Private Partnership Development in Kazakhstan
By 2016 Kazakhstan established what was considered a solid legal and institutional basis for public-private partnership (PPP) projects that led to a sharp increase in PPP formation with 15 PPP agreements signed in 2016, 161 in 2017, 292 in 2018 and 294 in 2019. In addition to being the leader in Central Asia in terms of establishing a PPP legal and institutional framework and the number of PPP Agreements executed, Kazakhstan has also been successful in pursuing the 66 km Big Almaty Ring Road benchmark concession project (a toll road around the city of Almaty), also known as BAKAD. This project finally reached its financial closure on 7 August 2020, making it the largest PPP project in Central Asia.
The team of GRATA International was ranked among the best firms in Kazakhstan and placed in the highest tiers - "outstanding" and "recommended".
Shaimerden Chikanayev, Partner of GRATA International took part in the Kazakhstan Legal Forum, 2020
On September 25, 2020 the annual Kazakhstan Legal Forum, organized by Lincoln Company and TheLawyer.KZ, was held.
GRATA International law firm held a joint webinar with Legal Practice
On August 4, 2020, a webinar on the topic: "Reforming the gas market in Kazakhstan: main problems and legal aspects" was held.
Will gas tariff become the dealbreaker for the Eurasian Economic Union?
The Eurasian Economic Union (EAEU) is a Russia-led economic union of the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation that represents, from an energy perspective, one-fifth of the world’s gas reserves and more than 50% of world gas exports.
The Kazakh gas market continues to be organized on the basis of central command and control, and quasi-monopolistic principles, with KazMunayGas (KMG) as the state owned and vertically integrated oil and gas company dominating gas production, supply and transportation through its direct and indirect subsidiaries.
In 2020, Kazakhstan faces a hurricane in the form of the impact consequences of the COVID-19 pandemic and the plunge in the price of oil to a 20-year low, including, among others, decreased economic activities, devaluation of the local currency (tenge), reduced foreign direct investments in risky markets and shrinking state budgets.
The firm rises in the rankings released by Legal 500 and takes positions in eight jurisdictions – Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.