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GRATA International ranked in Asia law Profiles 2019
For another consecutive year GRATA International received high appraisals from Asialaw profiles, one of the leading legal guides to top law firms and practitioners in Asia-Pacific.
Uncontrolled growth of ‘fake’ PPPs in Kazakhstan — what to expect?
Three local level public–private-partnership (PPP) projects are on the brink of collapse due to the relevant local state body of the Mangistau region failing to meet its obligations under the PPP agreements and to
pay on time to the respective private partners for constructed and operating kindergartens. It was alleged that the money needed for these PPP projects did not appear on the books of the local government in time, even though the respective PPP agreements, evidently, were duly executed and registered.
Shaimerden Chikanayev spoke at China Global Investment Summit 2019
China Global Investment Summit 2019 (China Global Investment Summit 2019) was held on April 18-19, 2019 in Shanghai, China. One of the speakers was Shaimerden Chikanayev, Partner, Director of Banking & Finance Department, GRATA International.
Is Kazakhstan finally ready to attract investments into its electricity sector?
The capacity market was finally launched on the 1st January 2019 in Kazakhstan to encourage investment for the renovation of old, as well as construction of new, power infrastructure facilities.
Shaimerden Chikanayev Participated in the PPP in Healthcare System seminar
On 28 February 2019, the seminar on Public Private Partnership in Healthcare System was held in Astana, Kazakhstan. Shaimerden Chikanayev, Partner, GRATA International spoke at the seminar with a presentation: "PPP in Healthcare System: Kazakh law perspective".
Kazakhstan expands central bank’s supervisory powers — good or bad move?
On the 1st January 2019, Kazakhstan promulgated certain changes in legislation that gave its central bank, the National Bank of Kazakhstan (NBK), enhanced capacity and introduced risk based supervision of the financial sector.
GRATA International in China Business Law Journal: Deals of the Year 2018
We are glad to announce that one of GRATA International’s successful projects has been selected as of the winners of China Business Law Journal: Deals of the Year 2018.
Kazakh government should concentrate on attracting cross-border Islamic financing
Though Kazakhstan adopted relevant legislation for domestic (such as the governed Kazakh law) Islamic banking transactions more than seven years ago and has a Muslim population of over 11 million, Islamic finance is still in the early stages of its development and Islamic products are rarely used. According to the National Bank of Kazakhstan (NBK), as of 2018, the share of Islamic banking assets account for only 0.16% of total banking sector assets in Kazakhstan.
23.01.2019
Significant developments in 2018 and 2019 in Kazakhstan: A lawyer’s perspective
The following is an outline of some of the major legal developments in Kazakhstan last year, and a selection of key changes that we anticipate for business, including Islamic finance, for this year.