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Administration of Almaty has officially announced public tender for participation in Almaty Light Rail Transport (LRT) Project
On 29 August 2018, the Administration of Almaty (Almaty Mayor’s Office) has officially announced the public tender for participation in PPP project for development of design specification, construction, commissioning, financing, operation and technical maintenance of Almaty Light-Rail Transportation System (the “Project”).
Why Islamic finance fits well in Kazakhstan’s PPP projects
Kazakhstan authorities have come to recognize that they cannot fi nance the necessary investments in public infrastructure from current budgets and that a major part of future fi nancing must fl ow from the private sector.
Shaimerden Chikanayev, a Partner at GRATA International Law Firm, took part in the meeting workshop titled 'Implementation of PPP projects in Almaty
Shaimerden Chikanayev, a Partner at GRATA International Law Firm, took part in the meeting workshop titled 'Implementation of PPP projects in Almaty'. The workshop was also attended by Akim of Almaty city, deputies of Akim of Almaty city, officers and heads of Akimat departments, NC SEC 'Almaty' JSC, Almaty City Development Centre JSC, and Kazakhstan PPP Centre JSC.
Shaimerden Chikanayev on development of the PPP projects market in Kazakhstan
Shaimerden Chikanayev, Partner of GRATA International law firm made comments to the national newspaper "Kazpravda" on the development of the PPP projects market in Kazakhstan.
Public-private partnership in Kazakhstan: regulatory framework and practice
This presentation was part of the seminar 'Legal and Practical Aspects of Public-Private Partnership (PPP): reviewing CIS project experience for Kazakhstan. '
Corporate governance 2016: Kazakhstan
Under Kazakh law, all legal entities fall into two categories, depending on whether or not the acquisition of profit is the main purpose of their activity: commercial organisations; and noncommercial (non-profit) organisations.
Corporate Recovery & Insolvency 2016: Kazakhstan
The International Comparative Legal Guide : Corporate Recovery & Insolvency 2016, 10th edition. A practical cross-border insight into corporate recovery and insolvency work.
Major Kazakhstan legislation changes for 2015
In keeping with GRATA’s practice of informing clients regarding important legal developments that might influence their business, allow us to draw your attention to the following changes in Kazakhstani legislation that occurred during 2015.
Commercial code review
On 29 October 2015, the President of the Republic of Kazakhstan signed the Commercial Code of the Republic of Kazakhstan.
Kazakhstan has adopted a new Law ‘On Public-Private Partnership’
In the Address, dated 29 January 2010, ‘New Decade - New Economic Growth - New Opportunities for Kazakhstan’, the President of the Republic of Kazakhstan – N.A. Nazarbayev, said, in particular: “A huge potential to attract private investments belongs to the public-private partnership mechanism. We have launched this mechanism in Kazakhstan, but it requires improvements in accordance with the best international practice”.
Legal framework of securities market (including IPO and Eurobonds) in the Republic of Kazakhstan
Kazakhstan’s legal system is a civil law system similar to the systems in most other former Soviet jurisdictions. Its laws are contained in the Constitution, various codes, laws, edicts, decrees (having the force of law), regulations, instructions, orders and other normative acts of the Republic of Kazakhstan.