The system of organization of rendering of state services is permanently improved in Kazakhstan. According to the decision of the Government of the RK, recently was founded a State corporation “Government for Citizens” (hereinafter – the Corporation), which has integrated in itself Republican State Enterprises “Public Service Center”, “Research and development centre of Land Register”, “Center for Real Estate”, Republican state budget-supported enterprise “State Center for Payment of Pensions”. The Corporation thereby became the unified provider, carrying out the activity in the sphere of rendering of state services to natural persons and legal entities by “one stop” principle, registration of pledges of movable property, technical inspection of buildings, constructions, maintenan
It is not infrequent for the parties to fail to specify the governing law of the arbitration agreement (clause) they include in the contract.
If the parties fail to identify the substantive law governing their arbitration agreement, then, depending on the jurisdiction, the arbitration tribunal can choose any substantive law from the following:
- The law governing the contract;
- The law of the forum;
- The law of jurisdiction best suited for resolving the dispute to be arbitrated.
Since the beginning of the New Year, some provisions of law were brought
into force, which are directed on reforming of judicial system for the
purpose of improvement of investment climate in the country, namely
ensuring performance of guarantees of legal protection of activity of
(foreign) investors in the territory of the Republic of Kazakhstan.
New types of alternative (conciliation) procedures for dispute resolution in the Republic of Kazakhstan
On 1 January 2016, the new Civil Procedure Code of 31 October 2015, the Entrepreneurial Code of 29 October 2015, as well as the Law “On amendments and additions to some legislative acts of the Republic of Kazakhstan on improvement of the justice system” are coming into effective. Among the innovations in these regulations is the promotion of alternative disputes re
13 November 2015 saw the adoption of the Republic of Kazakhstan Law to
Amend Certain Legislative Acts of the Republic of Kazakhstan on
Rehabilitation and Bankruptcy (hereinafter referred to as the Law).
Specifically, the Rehabilitation and Bankruptcy Law received a new
chapter, 6-1, Settlement, which enables the debtor and creditors to make
a settlement agreement at any stage of bankruptcy proceedings in order
to discontinue bankruptcy proceedings. The effective date of the
amendments is 2 December 2015.