Alert on draft of amendments concerning special economic zones activity
At present two drafts of the amendments concerning activity of special economic zones (hereinafter – ‘SEZ’) are under consideration. One of these drafts suggests to expand the list of priority types of activities of SEZ Ontustik, while the other one suggests to create a new SEZ ‘Shymkent City’ on the territory of Shymkent.
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.
A brief overview of the changes in the Environmental Legislation of the Russian Federation
The theme of ecology and environmental protection is still one of the most relevant on the world agenda. Despite the fact that the coronavirus pandemic temporarily overshadowed environmental issues, nevertheless, environmental legislation in Russia remains relevant and in demand. Taking into account the large number of requests from our clients, we decided to make quarterly reviews of the main changes in environmental legislation, which may concern representatives of many sectors of the economy.
2 quarters of labor. A brief overview of changes in the labor legislation of the Russian Federation
The end of 2019 is remembered for the active discussion of numerous planned changes that were proposed or planned for 2020. Many people probably remember the sensational news about the electronic employment workbooks. Nevertheless, the first half of the new year fairly "thinned" the shaft of proposals and projects. Some bills are already "in the archive", some will be implemented (if they are) later, but some changes still came into force.
Kazakhstan: First steps to becoming a regional hub for Islamic finance
Despite the attempts of the government of Kazakhstan to make its Islamic finance market more attractive, Islamic products are still rarely used in Kazakhstan. Currently, according to the National Bank of Kazakhstan, the share of Islamic banking assets in Kazakhstan represents an insignificant part of the total assets of the banking sector: 0.21% (a year earlier the share was 0.16%). According to the Astana International Financial Center (AIFC), the target to achieve by 2025 is 5–7%