THE ULTIMATE GUIDE TO WWW.TRANSPARENCYKAZAKHSTAN.ORG

The Ultimate Guide To www.transparencykazakhstan.org

The Ultimate Guide To www.transparencykazakhstan.org

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Personal bankruptcy regulation safeguards the rights of creditors all through insolvency proceedings. Personal bankruptcy is not really criminalized, unless the court decides the individual bankruptcy was premeditated, or rehabilitation steps ended up wrongful.

Global oil businesses (IOCs) continued to admit sanctions-relevant risks as a result of probable disruption, reduction, temporary suspension, or limitation of shipments through the Caspian Pipeline Consortium pipeline (CPC) by Russia. Kazakhstan’s oil, uranium, and metals companies are increasingly making use of alternate routes that bypass Russia, for instance shipping gas as a result of seaports in Georgia, Latvia, and Estonia; redirecting a little but regularly rising level of oil exports with the CPC to Caspian seaports; and working with TITR for over 60 percent of uranium shipments.

Intercontinental monetary establishments contemplate Kazakhstan to be a relatively eye-catching vacation spot for his or her operations, and a few Intercontinental firms have proven regional headquarters from the state.

The legislation eases bureaucratic needs for personal bankruptcy filings, gives creditors a larger say in continuing functions, introduces a cut-off date for adopting rehabilitation or reorganization programs, and adds courtroom supervision necessities.

The Labor Code describes an escalatory system for resolving unique labor disputes, involving immediate negotiations by having an employer, followed by a conciliation Fee, and eventually the courts, when required. Collective labor disputes likewise might be fixed through direct negotiations with the employer, followed by mediation commission, labor arbitration, and the courts. The February 2023 amendments to your Labor Code eased some constraints to employees’ capability to strike by introducing a 1-time hour-prolonged strike during arbitration and reducing the quorum necessities for the decision to strike.

Implementation and interpretation of business laws occasionally produces confusion. Decrees and legislative variations often do not “grandfather in” current investments. Penalties tend to be assessed for durations ahead of the change in coverage.

The GOK has undertaken measures to enhance security and prudent asset quality administration while in the banking sector, which includes by means of cash injections, enhanced oversight, and expanded regulatory authorities. The get more info ratio of non-undertaking loans overdue by in excess of 90 times to banking assets was 2.

Likewise, this report is released by a private chance consultancy based in Syracuse, Ny. PRS generates a every month nation risk report that is certainly only available to subscribers and assesses corruption within the political system.

Выявление причин и последствий коррупции и ущерба, который она причиняет;

Мы сосредоточиваем свои усилия на проведении исследований и выработке рекомендаций по искоренению коррупции на системном уровне.

The Parliament also started dialogue in March 2024 over a Invoice that might decriminalize tax mistakes in response to quite a few traders’ grievances.

Kazakhstan can be a founding member from the EAEU, established in 2014, with Armenia, Belarus, the Kyrgyz Republic, and Russia. The EAEU is intended to more combine the economies of its member states, and to deliver for that cost-free motion of products and services, money, and labor in their frequent territory. EAEU laws and selections supersede the countrywide regulatory process. The GOK asserts that EAEU agreements adjust to WTO standards.

Three of your surveys are dependant on the viewpoints of neighborhood businesspeople, whilst the remaining ten sources are assessments from the two resident and non-resident state specialists. [3]

The government ongoing its de-monopolization plan in 2023 and proven the Asset Restoration Committee beneath the Prosecutor General’s Office to decrease the function of oligopolies during the financial system and to evaluate the doable nationalization of belongings that The federal government now believes to are already illegally privatized. The President signed into regulation a brand new Legislation on Asset Restoration in July 2023.

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