In July 2018, the lawyers of Linkage & Mind analyzed Regulatory Decree №3 of the Supreme Court of Kazakhstan as of March 16, 2018 (hereinafter – the «Regulatory Decree») on the amendment of the regulatory decree №5 as of July 11, 2003 “On court decision”.
In recent years, business environment of Kazakhstan states the increase of number of transactions related to franchising. Business structures provide their partners or receive from them brands, trademarks, patents and other objects of exclusive rights. Each party of these deals has certain advantages that can lead to beneficial cooperation.
On March 16, 2018 the Supreme Court of Kazakhstan issued the regulatory decree №3 (hereinafter – the «Regulatory Decree») on the amendment of the regulatory decree №5 as of July 11, 2003 “On court decision”.
в законодательство Казахстана – июнь 2018
Legal audit of a company before its acquisition, known in the business environment as due diligence, is commonly essential condition for making a final decision of the foreign investor on the purchase of shares in Kazakh legal entity.
Within the execution of periodic messages of the President of Kazakhstan on cardinal improvement of national business, the ministries and their subordinate bodies continually declare about the measures on simplification of business conduct. We highly appreciate the results achieved by the government but at the same time we consider that the application of the Law “On Counteracting the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism” (hereinafter – the “Law”) by the banks is not in line with the governmental trend on the support of business.