Publications

On 21 April 2018, the Instruction of the Central Bank of the Russian Federation No. 4561-u dated October 2017, which establishes a new procedure for qualifying foreign financial instruments that have been assigned with the security identification code (number) (ISIN code) and the international classification code of financial instruments (CFI code), as securities ('Procedure').

As the Central Asia’s largest and richest country, with a Muslim-majority population of around 18 million people, Kazakhstan wants its local Islamic banking industry, as an alternative source of capital for SMEs, to reach 3-5% of its total banking assets by 2020 from 0.08% in 2015.

According to the law, PTT will be authorized to deliver the foreign official documents with apostille granted by competent bodies to recipients or electronically sending the documents with e-apostille to recipients.

With the amendment of International Arbitration Act, in rejection cases against the final decree on arbitrations, “the regional courts of justice” will be authorized.

Equity companies and cooperatives are able to request an arrangement of bankruptcy instead of suspension of bankruptcy.

On 26 February 2018, Management Board of the Central Bank of the Republic of Azerbaijan approved Amendments to the Regulations "On foreign currency transactions of resident and non-residents of the Republic of Azerbaijan" (“Amendment”).