The second wave of privatization of state-owned organizations will be launched in Kazakhstan.
April 14, 2014 Umirzak Shukeyev, the Chairman of the Board of Sovereign Wealth Fund Samruk-Kazyna JSC, informed that the Fund is going to put up a third of its assets for privatization.
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  EWHC 271 (Comm) clearly shows what position the English court might take.
We propose to consider the possibility of adoption by the Supreme Court
of the Republic of Kazakhstan a Regulatory Resolution “On some issues of
application by courts the legislation on criminal liability of
officials of organizations for evasion of taxes and other obligatory
payments to the budget”.
In our practice, we often face with the so-called administrative
barriers, which hinder development of entrepreneurship in Kazakhstan. We
believe that other practitioners can identify many of such barriers,
but we are going to focus only on those that are relevant today in
accordance with our practice:
On February 27, 2014 Nursultan Nazarbayev, the President of the Republic
of Kazakhstan signed a Decree on measures for improvement of business
environment in the Republic of Kazakhstan.
Over past years, Kazakhstan has been ameliorating the investment climate through development of instruments of state support stimulation of investments and protection of foreign investors.
The main legal act regulating activity of foreign investors in Kazakhstan is the Law on Investments, according to which, the purpose of state support of investments is in ensuring of a favourable climate for economic development and investment stimulation for creation of new production, extension and modernisation of current manufactures while applying cutting-edge technologies.