License agreement: main practical issues
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.
Innovations to Kazakh laws on the court decision
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”.
Legal audit: luxury or necessity?
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.
FREEZING BANK ACCOUNTS: SUPPORT TO THE GOVERNMENT OR DAMAGE TO THE BUSINESS?
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.
Government to support digital startups
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.