ROOT

A company does not always need to employ personnel for carrying commercial its activity, as sometimes the nature of work requires one-time engagement for one-time works or short time servicing.

There have been an impressive number of recent cases involving CIS parties (including Kazakhstan) heard in English courts. Although CIS companies and individuals frequently choose to litigate in London, there are very few reported cases concerning recognition and enforcement of judgments granted by the CIS courts in England and Wales.

The author has yet to experience Kazakh judgments to be enforced in England and Wales, however the recent Russian case JSC VTB Bank v Skurikhin and others [2014] EWHC 271 (Comm) clearly shows what position the English court might take.

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. 

The Ministry of information and communications announced its intention to support digital startups within the Astana HUB start-up ecosystem. For this purpose, the digital economy will be able to use the results of adapting the legislation, tax and financial preferences as well as solid protection of intellectual property.

On the 12^th  day of June 2014 Kazakhstan President N. Nazarbayev signed into Law of the Republic of Kazakhstan “On amendments and supplements into the legal acts of the Republic of Kazakhstan pertaining to the improvement of investments climate ( the “Law”), by virtue of which, the following legal acts of the Republic of Kazakhstan should be amended: