Coronavirus and non-performance of contractual obligations in the Kyrgyz Republic
World Health Organization has characterized the outbreak of COVID-19 infection as a pandemic. More and more countries are closing borders, restricting people’s movement, banning public gatherings, and controlling trade. Such measures have already hit hard tourism, air transportation, hospitality services. Other business sectors are expected to suffer in the coming weeks and months.
Establishing a local company with foreign participation in the Kyrgyz Republic: specific features for the foreign founder
One of the first steps for a foreign investor after deciding to start a business in the Kyrgyz Republic is the creation of a local company. It should be noted that the legal entities registration system in the Kyrgyz Republic is not that complicated. Taking the overall 70th place from 190 countries in Doing Business 2019 ranking, the country takes a rather high 35th place in the «starting a business» category.
COVID-19, state of emergency, economic crisis. What should the employer in the Kyrgyz Republic pay attention to?
On 25 March 2020, a state of emergency has been introduced in order to protect the lives and health of citizens, their safety and public order and to prevent the spread of coronavirus infection in the cities of Bishkek, Osh and Jalal-Abad as well as Nookat and Kara-Suu districts of Osh province and Suzak district of Jalal-Abad province.
The Government of the Kyrgyz Republic has taken measures to provide the population with medicines and medical devices in connection with the pandemic of coronavirus infection
Aidar Oruzbaev, lawyer of Bishkek office of Grata International leading pharmaceutical law practice in the Kyrgyz Republic breaks down the main features of newly adopted Decree of the Kyrgyz Government on measures concerning prevention of further spread of COVID-19.
Provisional measures and decisions of the National Bank of the Kyrgyz Republic in connection with the spread of COVID-19
COVID-19 pandemic, as well as the associated restrictions and economic consequences of the fight against the virus, set new tasks for the National Bank of the Kyrgyz Republic (the “NBKR”). In this connection, the regulator took a number of measures aimed at maintaining stability in the banking system of the Kyrgyz Republic and protecting the rights of consumers of banking services.
Guidelines for the selection of trade names of medicines and for manufacturing of finished dosage forms in the Eurasian Economic Union
The Board of the Eurasian Economic Commission (EEC) approved on 29 January 2019 the Recommendations on the Guidelines for the Selection of Trade Names of Medicinal Products and the Guidelines for Manufacturing of Finished Dosage Forms of Medicinal Products in order to eliminate differences in the requirements for the manufacturing of finished dosage forms of medicines in Eurasian Member States Economic Union (EAEU).
Kyrgyz law identifies insurance activity as an activity of organisations that have a license to provide services to individuals and legal entities for premium services, the subject of which are contractual specific obligations of the insurer in the event of an unknown event, with the distribution of risk among a large number of persons exposed to such a risk, calculated on the basis of the principle calculation of large numbers.
Maintenance of Unified State Register of Claims on Movable Property is that the storage is in the electronic database, all registered rights of claims for the performance of obligations (under the contract) with respect to movable property, security and confidentiality of information held in the National Registry of Claims on Movable Property is provided by the Central Collateral Registration Office under the Ministry of Justice of the Kyrgyz Republic.
Client note: Main changes in the customs law of Kazakhstan
The Decision No. 46 dated 11 May 2017 of the College of the Eurasian economic union introduced changes to the ‘Procedure of introduction of amendments and (or) additions to the declaration on goods’.
Customs Code of the Eurasian Economic Union
As of today, the Treaty on the Customs Code of the Eurasian Economic Union (hereinafter – the ‘EAEU Customs Code’) is in process of signing. It is expected that the document will come into force not earlier than 29 December 2017.