In line with GRATA Law Firm’s practice of keeping clients informed of important legal developments that may influence their business, we would like to draw your attention to the recent changes in procurement rules of Samruk-Kazyna JSC.
This is to inform you that on 19 December 2020, the Law of the Republic of Kazakhstan ‘On the Introduction of the Amendments to Some Legislative Acts of the Republic of Kazakhstan on outstaffing services’ (hereinafter – the ‘Law’). Pursuant to the Law, the Labour Code of the Republic of Kazakhstan
This article covers such sensitive topic as tax exemption of dividends distributed by a Kazakh company in address of its foreign shareholders (participants). In particular, the recent tendency in the approach of the Kazakh tax authorities adopted in this regard.
Updated the list of requirements for organizing and conducting state control in the field of shared construction of apartment buildings and other real estate objects
Since the entry into force in 2005 of the Federal Law on participation in shared construction, relations between buyers of apartments in houses, which are being constructed and developers have come under closer attention from government agencies. Federal law established a number of legal safeguards for buyers in the time of building a house and regulated the procedure for state control over the activities of developers.
Impact of COVID-19 and its prevention measures on Mongolian economy
According to the latest update on national statistics, the Mongolian economy has shrunk by 10,7% in connection with the pandemic. The primary condition for the shrink is the decrease in the export of coal, copper and zinc concentrate, and oil due to declining demand for mineral resources in connection with the slowdown of Chinese economy, as the dependence from China is substantial. Following this, the current account deficit reached 767.0 million USD, increased by 368.9 million USD as of the first quarter compare to the same period of the previous year.
The State Duma allowed entrepreneurs to terminate lease agreements unilaterally
The state Duma of the Russian Federation has adopted in the third and final reading a bill regulating rental relations during high-alert regime.
Benefits and exemptions for businesses in quarantine conditions
In connection with the epidemiological situation in the world and the spread of coronavirus in Uzbekistan, there have been taken strict quarantine measures of the population. In order to minimize the negative consequences of the pandemic and global crisis on the Uzbek economy, the Government of Uzbekistan is taking measures to support entrepreneurship, export and financial stability.
The legal regulation of shared construction of non-residential premises
The article is devoted to the legal regulation of relations in the sphere of shared construction of non-residential premises. It investigates the legal nature of the contract for the creation of an object of shared construction, concluded in relation to the construction of non-residential premises and considers the requirements to the form and the essential conditions of this agreement. Additionally, a definition of the «contract for the creation of a shared construction object» is given in regard to both residential and non-residential premises. In the end of the article, a list of essential conditions for such agreement is proposed.
"As is the tradition in Belarus, the closing of a year is also a debriefing of large M&A transactions and real estate transactions,” says Maxim Lashkevich, Partner at Grata International in Belarus.
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.
Almaty Light Rail Transit project in Kazakhstan
On the 29th November 2018, Almaty, the former capital and the largest city in Kazakhstan, received responses from nine international consortia, consisting of companies from Japan, France, Russia, Turkey, Spain, China and Kazakhstan, to participate in the first stage of the open tender of the Almaty Light Rail Transit (LRT) public-private partnership (PPP) project.
Introduction of 2nd 2017 Edition of FIDIC Forms of Contracts
In 2017 the International Federation of Consulting Engineers has introduced major amendments to FIDIC 1999 Yellow, Red and Silver Books which have been in use in the construction industry for almost twenty years.