Global Project Finance Guide

Over the past years, there has been a significant rise in the number of players in the global project finance markets, as lenders and sponsors from diverse regions across the globe have entered the fray, and such trend rendered the knowledge about the global practices of project finance more crucial than ever. 

With this motivation, we are delighted to present the Global Project Finance Guide 2023, which includes a standardized questionnaire prepared by the editors and answered by highly experienced project finance lawyers worldwide. GRATA International lawyers in Kazakhstan,Tajikistan and Kyrgyzstan were directly involved in the creation of this guide. Detailed answers to their questions can be found in the Global Project Finance Guide.

Amending the Civil Code was entered into force introducing changes in four areas

New clauses have been added to the Civil Code regulating the written procedure for concluding contracts. According to the amendments, the written form is deemed to have been complied with even if the transaction has been concluded by electronic or other technical means that allow its content to be reflected on a physical medium in unaltered form, in which case, if any method has been used to unmistakably identify the person expressing the will, the signature requirement is deemed to have been met.The methods of identification of the person expressing the will, may be determined by the Act, other legal acts or the will of the parties.

Towards a Common Gas Market: The Reform and Integration of the Domestic Natural Gas Markets of the Eurasian Economic Union

Shaimerden Chikanayev has written a paper on the topic of “Towards a Common Gas Market: The Reform and Integration of the Domestic Natural Gas Markets of the Eurasian Economic Union”. This article explores progress made by the Eurasian Economic Union (EAEU) in designing and implementing its common gas market and examines the different attitudes of Russia and Kazakhstan to the reform of their domestic gas markets, and the effect of such reforms on the energy security and energy transition in this region, especially in the context of the global energy crisis caused by the war in Ukraine.

Alternative dispute resolution methods – arbitration

Arbitration is a consensual mechanism to resolve disputes by one or more private decision makers (arbitrators) selected by the parties pursuant to a mechanism agreed by them in an adjudicatory procedure, and resulting in a final and binding decision /arbitral award/ (Tony Andriotis, Emmanuel Jacomy, and Artis Straupenieks). It is one of the out-of-court alternative dispute resolution procedures in many countries, including Mongolia.