Experts from the "Contract Law" practice at GRATA International, Belarus will be speakers at the XI Belarusian Forum of Corporate Lawyers
On October 20, 2023, Natalia Zhuk, Counsel, and Polina Sachava, Associate at GRATA International, Belarus will address key topics at the "Currency Agreements: registration from October 1, 2023, and features of the conclusion" session of the XI Belarusian Forum of Corporate Lawyers.
The Regulation for the provision of public services for the inclusion of an audit organization in the state register has been approved
In order to improve the market for audit services and simplify the procedure for providing public services, the Cabinet of Ministers approved the Decree “On Approval of the Administrative Regulation for the Provision of Public Services for Inclusion of an Audit Organization in the Register of Audit Organizations” No. 387 dated August 15, 2023 (the “Resolution No. 387”).
The procedure for licensing the activities of payment system operators and payment organizations has been approved in Uzbekistan
The Central Bank of the Republic of Uzbekistan adopted the Resolution “On approval of the regulation on the procedure for licensing the activities of payment system operators and payment organizations” reg. No. 3431 dated May 5, 2023 (the “Resolution No. 3431”).
On June 8-9, the Astana International Forum took place in Astana. The two-day event brought together the representatives from different countries, among which high-level delegates from foreign governments, international organizations (WTO, UNESCO, IMF, etc.), businesses who are working to find solutions to global challenges and promote peace and dialogue to maintain development and progress.
The list of criteria for identifying suspicious transactions has been expanded in Uzbekistan
The Board of the Central Bank, together with the Department for Combating Economic Crimes under the Prosecutor General's Office, adopted the Resolution dated April 3, 2023 with registration number No. 3266-3 "On additions and amendments to the rules of internal control to combat the legalization of income received from criminal activities in payment organizations"
The Business Forum focusing on investment opportunities in Kazakhstan took place in Hong Kong
April 21, 2023, the Consulate General of the Republic of Kazakhstan in Hong Kong and Macao SAR’s, PRC in conjunction with the China Hong Kong International Business Association, arranged a business forum in Hong Kong for the first time in the last 6 years.
Working with the new refinancing rate
On March 1, 2023, the refinancing rate of the National Bank of the Republic of Belarus was lowered to 11% per annum (previously it was 11.5%). According to the National Bank, the rate will drop to 10.5% per annum from April 3rd (
On accepting payments for state and municipal services in non-cash form
For the purposes of switching to non-cash payments and settlements, introducing digital payments, developing other tools for accepting payments, achieving transparency in money circulation and reducing the share of the shadow economy in the Kyrgyz Republic, protecting consumer rights, by Resolution of the Cabinet of Ministers of the Kyrgyz Republic and the National Bank of the Kyrgyz Republic dated December 16, 2022
On establishing the terms for the formation of the minimum authorized capital of participants in the securities market
In order to increase the level of financial stability and competitiveness of financial organizations, a resolution of the Cabinet of Ministers “On Certain Issues in the Sphere of the Securities Market” was adopted.
On the adoption of the Law of the Kyrgyz Republic "On Renewable Energy Sources"
The law establishes the legal, organizational, economic and financial framework, mechanisms for regulating relations between the state, producers, suppliers and consumers of renewable energy sources, equipment for production, installations using renewable energy sources.
GRATA International China shortlisted for Asian Legal Business China Law Awards 2022
We are pleased to announce that two of GRATA International Beijing office’s successful projects have been shortlisted as deal category finalists at the 19 th Annual SSQ ALB China Law Awards 2022 - the pre-eminent legal awards in China.
Uzbekistan takes measures to support the capital market
Resolution of the President “On additional measures to introduce effective mechanisms to support the capital market” No.ПП-90 dated January 17, 2022 (the “Resolution No.ПП-90”) establishes that from April 1, 2022 to December 31, 2024