Issues of secured transactions and pledges of movable property
The International Finance Corporation of the World Bank Group, in cooperation with the Mongolian Bank Association, has been implementing a program to enhance the supply chain finance market, especially focusing on the increase of loans and financing secured by moveable assets. For Mongolia, the "Law on Pledge of Movable Property and Intangible Property" was enacted and has been in effect since 2015 becoming one of the most frequently discussed legal relations.
Rail transport in the Republic of Moldova
The main law for conducting railway carriage service is the Railway Transport Code of the Republic of Moldova. The current Railway Transport Code of the Republic of Moldova is in effect until 18/02/2024. On 18/02/2024 the current code will be repealed and at the same time the new railway transport code of the Republic of Moldova will enter into force
Local laws and regulations governing Road Carriage Services and truck forwarders(expedition) in Moldova
In January-September 2022, Moldova’s road transport enterprises, which have a preponderance in the structure of transported goods (79.8%), transported 11.8 million tons of goods, 6.1% more compared to the same period of the previous year. The share of goods transported by road transport in the total volume of goods transported by this mode of transport in the city of Chisinau constituted 46.6%, the development regions Center – 28.8%, North – 15.3%, South – 5.8% and UTA Gagauzia – 3.5%.
Tax system in the Republic of Moldova
The Republic of Moldova has a very attractive tax system compared to many European Union countries. The Tax Code of the Republic of Moldova provides that legal entities pay Corporate Income Tax in the amount of 12% of taxable income (general taxation system).
Subsoil use contracts for “complex” projects
On 24 November 2022 Senate of the RoK Parliament has approved draft amendments to the Code of the Republic of Kazakhstan “On Subsoil and Subsoil Use”
01.12.2022
Parallel import refers to the import and sale of non-counterfeit (gray) goods without the right holder’s consent. In this case goods have been manufactured by or under the license of the right holder and therefore by all means are not counterfeit, but they are imported into a non-intended market, which is contrary to the intentions and interests of a right holder.