The main changes in the financial legislation of Kazakhstan in January - May 2023
At the beginning of the 2023, the process of making important amendments to the financial legislation of Kazakhstan continued.
For the first time in the history of Kazakhstan, the law on digital assets was adopted, aimed at creating a legal framework for the development of activity for the issuance and turnover of digital assets and digital mining in the Republic of Kazakhstan.
For the first time in the history of Kazakhstan, the law on digital assets was adopted, aimed at creating a legal framework for the development of activity for the issuance and turnover of digital assets and digital mining in the Republic of Kazakhstan.
The Banking and Finance team of GRATA International advised the EBRD on four risk-sharing framework deals
Marina Kahiani, Partner of the Banking and Finance team and Zarina Kabashova, Associate advised the European Bank for Reconstruction and Development (EBRD) on four risk-sharing framework deals in 2023. The signing took place at EBRD's annual meeting on 17 May 2023 in Samarkand.
12.04.2023
On April 12, 2023, Legal 500, a global legal directory, released its rankings of leading law firms and lawyers in Europe, Middle East and Africa - Legal 500 EMEA 2023. The rankings reveal that GRATA International has maintained its success from the previous year, with strong rankings in Azerbaijan, Georgia, Kazakhstan, Tajikistan and Uzbekistan.
GRATA International held an online conference: Fintech in Eurasia
On September 29, 2022, a conference: Fintech in the countries of Eurasia: recent legal developments and main isuess, with the participation of GRATA offices in Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan and Moldova.
Banking Regulation Review
Events in 2021 resulted in the Kazakh economy, in particular the financial sector, having to face the combined challenge of a continued reduction in oil prices and new strains of covid-19. However, according to the Agency for Regulation and Development of the Financial Market (AFR), the negative impact of these challenges on the Kazakh banking sector was not as severe as expected, and in 2021 banking sector started gradually to recover.
20.12.2021
In the rankings, released by Chambers & Partners, GRATA International has confirmed its standing as one of the leading firms in Central Asia and Caspian region. Teams in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan received ratings across major practice areas.
Kazakhstan Data Breach
Data protection in Kazakhstan is mainly regulated by the Law of 21 May 2013 No. 94-V ZRK on Personal Data and its Protection ('the Personal Data Law'), Law of 24 November 2015 No. 418-V on Informatisation ('the Informatisation Law') and relevant subsidiary laws.
The Banking Regulation Review: Kazakhstan
Kazakhstan chapter of the twelfth edition of The Banking Regulation Review which considers high-level insight across the legal and regulatory requirements applicable to banks.
22.12.2020
In the recently released Chambers Asia-Pacific 2021 Guide, GRATA International was as one of the leading firms in the region with ranked offices in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
27.11.2020
GRATA International assisted European Bank for Reconstruction and Development in preparation of the EBRD Transition Report on the legal and regulatory framework of state-owned companies across the EBRD regions.