Legal Practice in Central Asia held an interview with Samat Daumov, Partner and Director of Astana office at GRATA International within the framework of the project: "Successful Partnership in Law Firm". 

In his interview, Samat spoke about teamwork, knowledge management, competitors, the investment climate in Kazakhstan and many other interesting things (in Russian).

Features and legal regulation of franchising in Armenia

A franchise is a legal and commercial relationship between the owner of a trademark, brand, or business model (franchisor) and an individual or group (franchisee) who is granted the right to operate a business using that trademark, brand, or business model.

Client alert of GRATA International Azerbaijan

A draft law containing amendments to the Law «On Road Transportation» providing for certain provisions in the regulation of taxi operations, as well as draft laws «On Public Procurement» and «On Payment Services and Payment Systems» are currently under consideration of the Parliament of the Republic of Azerbaijan. If the amendments to the Law «On Road Transportation» are adopted, these amendments will enter into force on 1 October 2023.

Franchise agreement in Belarus: special requirements

The franchise agreement is becoming more widely used in the activities of business entities in Belarus. Among the advantages that attract potential franchisees the use of already tested business model, consumer recognition, reduction of economic risks, lower advertising costs are pointed out. For franchisors conclusion of a franchise agreement provides an opportunity to develop business at regional level and create new sales channels with minimal financial and time costs.

Practical aspects of recognition and enforcement of foreign arbitral awards in the People’s Republic of Сhina

China's large-scale infrastructure projects within the framework of the Belt and Road Initiative (known within China as the One Belt One Road), cooperation in key sectors, participation in the Shanghai Cooperation Organization, and other factors contribute to the further development of trade and economic relations between the countries of the Commonwealth of Independent States and China, making the issue of recognition and enforcement of foreign arbitral awards in China even more relevant.

Cyprus becoming a member of the Schengen area

Starting, July 25, Cyprus is joining the Schengen Information System (SIS) that has been built to ensure safe passage as well as freedom of movement of those who have the right to move freely within the EU’s Schengen Area. As a result, the state’s national security will be upgraded, including dealing with illegal immigration, crime and missing persons.

Labor migration in Kazakhstan

Today the dynamics and scale of migration processes in Kazakhstan is one of the important components of the economic development of the country, and in this aspect migration for the purpose of labor activity remains relevant.

Actual issues of labor migration in the Kyrgyz Republic

In the contemporary period, there is an increasing demand for qualified specialists in different sectors of the economy of the Kyrgyz Republic. Taking into consideration that various legal issues surround the movement of the labor force across borders, one of the critical aspects of labor migration is confined within its legal framework.

Recognition and enforcement of foreign judgments and foreign arbitral awards in Moldova

The purpose of each arbitration court, the same as the purpose of judicial instances, is dispute resolution with the adoption of a valid and performable decision. Deducting that every state is independent and sovereign, we can’t impose a foreign law on a state, in order to perform or enforce on its territory foreign judicial decisions. Although, this fact is really possible when the states conclude or adhere to a convention that regulates these situations, and then where international private law provides this possibility. 

Enforcement of foreign judgment and foreign arbitral awards for Mongolia

According to Article 116 of the Law on the Enforcement of Court Judgment, regulations for enforcing judgments of foreign courts, international courts, and arbitration awards in the territory of Mongolia shall be determined under this Law and international treaty in which Mongolia is Party to, and according to article 6.2 of this law, civil judgment enforcement operations shall be conducted on the basis of the decision of foreign courts, international courts or arbitration awards if stipulated in the international agreements of Mongolia.

Shareholder disputes in Russia

Shareholder disputes in Russia, as elsewhere in the world, are among the most sensitive and disruptive in their implications for business. A corporation based on agreement and trust between partners often lives and grows through the common efforts of its shareholders. In situations where disputes arise that cannot be resolved amicably, therefore, the overall business inevitably suffers and often suffers irreparably.

Resolutions of the shareholder disputes under Turkish legislation

As per the Turkish Commercial Code (“TCC”), there are 2 primary types of Companies. These are, Joint Stock Company “Anonim Şirket” and Limited Liability Companies “Limited Şirket”. There are also 2 other Company types which, in practice, are not commonly seen or established. These are Collective Companies “Kollektif Şirket” and Commandite Companies “Komandit Şirket”. In practice, Joint Stock Companies and Limited Liability Companies are established whereas Collective and Commandite Companies are not often established.

ADB Expands Support for Turkmenistan

The Asian Development Bank (ADB) is developing a new strategy for Turkmenistan (CPS) that will focus on private sector development, human capital development, and climate change, ADB reports on its official website on Friday, citing the Vice-President Shixin Chen.

Shareholders’ dispute in UAE

The most striking part of the jurisdiction of UAE in relation to the powers and obligations of the Shareholders is that the Shareholders in a company are different from Shareholders acting as managers in the company. The roles of a shareholder and amanager in a company are distinct and can be held by different individuals or entities. A shareholder is an equity or a stockholder, that owns shares or equity in a company.

Interim measures in corporate disputes in Ukraine

The execution of any court decision is an integral stage of the justice process and, therefore, must meet the requirements of Article 6 of the Convention for the Protection of Human Rights and Fundamental Freedoms. The ECHR, in its judgment of 19.03.1997 in the case of Hornsby v. Greece, stated that the execution of a judgment rendered by any court should be regarded as an integral part of the trial. 

Disputes arising from joint venture agreements in Uzbekistan

In accordance with Uzbek legislation, as stipulated in Article 43 of Civil code, a legal entity acts on the basis of a charter, or a memorandum of association (constituent agreement) and a charter, or only memorandum of association. While charter remains, the document approved by the shareholders regulating general rules for the governance of acompany, memorandum of association, after the registration of the company, is considered fulfilled and generally loses its significance.