Note on the Law of the Republic of Uzbekistan “On International Commercial Arbitration”
On February 16, 2021 President of the Republic of Uzbekistan has approved the Law “On International Commercial Arbitration” (hereinafter – the “Law”). As a result, Uzbekistan became 85th country and 118th jurisdiction to enact legislation based on the Model Law of the United Nations Commission on International Trade Law(UNCITRAL) on International commercial arbitration (hereinafter – the “UNCITRAL Model Law”). The Law was approved by the UNCITRAL.
New Environmental Code in Kazakhstan
What shortcomings the current Environmental Code has? Why was a new Environmental Code needed?
Legal Alert: Amendment to the law of Mongolia on banking
The State Great Khural (the Parliament) of Mongolia approved a draft of a law on amendment to the Law on Banking on its regular meeting on 28 January 2021. The law includes the following key changes.
19.02.2021
This is to inform you that on 19 December 2020, the Law of the Republic of Kazakhstan ‘On the Introduction of the Amendments to Some Legislative Acts of the Republic of Kazakhstan on outstaffing services’ (hereinafter – the ‘Law’). Pursuant to the Law, the Labour Code of the Republic of Kazakhstan
Investment Tax Credit
On 1 January 2021, a number of changes in the tax legislation came into force , which are aimed at improving the investment climate. One of thу important changes is the introduction of provisions on an investment tax credit granted to taxpayers (hereinafter - the ‘ITC’).
Alert on the amendments in the Customs Code of the Republic of Kazakhstan
In January of this year a number of amendments was introduced into the Code of the Republic of Kazakhstan ‘On customs regulation in the Republic of Kazakhstan’ (hereinafter – the ‘Customs Code’). The most important of them were brought into effect from 16 January 2021. Please see below the detailed information on the introduced amendments.