On Amendments to the Law of the Kyrgyz Republic “On competition”

On January 21, 2022, the President signed the Law of the Kyrgyz Republic “On Amendments to the Law of the Kyrgyz Republic “On Competition”.

The purpose of the Law "On Competition" is to prevent the monopolization of the market, which will contribute to the creation of favorable conditions for the development of entrepreneurship.

We are pleased to invite you to a seminar on legal aspects of doing business in Mongolia.

The seminar will be held on March 4, 2022 in an online format on the ZOOM platform.

Key topics:

• General investment legal environment;

• Obligations for taxation and social insurance of a foreign investor;
• Work permit, visa and enforcement proceedings.

Corporate and M&A practice at GRATA International is one the largest practices in CIS region. Our lawyers and experts have extensive experience in this practice. The key point in establishing business has various questions related to corporate law. Our corporate and M&A practice provides comprehensive support for business activities, including advising on M&A transactions, and advising on corporate governance, corporate secretary services. In this regard, we are pleased to announce that on March 17^th, 2022, we will be holding online-conference on Corporate governance and M&A in the countries of GRATA's presence: Belarus, Georgia, Mongolia, Russia, Uzbekistan. 

The conference will be held in an online format in two panel sessions: 

The moderator of the first session will be Vyacheslav Khorovskiy, Managing Partner at GRATA Moscow. The following offices will speak at the session: Belarus, Russia (Moscow, Rostov-on-Don, Samara, St.Petersburg), Uzbekistan.
 

The moderator of the secong session will be Sofia Roinishvilli, Partner at GRATA Georgia. The following office will speak at the session: Georgia, Mongolia. 

On the implementation of a temporary ban on the export of medicines and medical devices from the Kyrgyz Republic

Decree of the Cabinet of Ministers of the Kyrgyz Republic of January 14, 2022 No. 14 established a temporary ban for a period of six months on the export of medicines and medical devices from the Kyrgyz Republic according to the approved list, introduced from the date the decree comes into force.

Doing Business in Mongolia - 2022

Doing business in Mongolia - 2021

Business Climate

Tremendous mineral reserves, agricultural endowments, and proximity to Asia’s vast markets make Mongolia an attractive destination for medium to long-term foreign direct investment (FDI). The Gross Domestic Product (GDP) in Mongolia is worth 10.4 billion US dollars as of September 2021 according to the national statistics of Mongolia.

Recent updates on the Stock Corporation Act in Switzerland

From January 1, 2023, more flexible formation and capital regulations will apply to stock corporations. At its meeting on February 2, 2022, the Swiss Federal Council enacted the corresponding amendments to the Code of Obligations (CO) and the Commercial Registry Ordinance (HRegV). This concludes the extensive revision of the Corporation Act, which is part of the CO. Swiss Parliament adopted the revision of the Stock Corporation Act on June 19, 2020. 

The protection of consumer rights has been strengthened in Uzbekistan

The President signed the Law “On amendments and additions to the Law of the Republic of Uzbekistan “On protection of consumer rights”” No.ЗРУ-746 dated January 18, 2022 (the “Law No.ЗРУ-746”).

Law No.ЗРУ-746 introduced the following amendments and additions to the Law “On protection of consumer rights”:

• the manufacturer (performer, seller) is obliged to provide the consumer with information about itself, the rules of trade and service in the State (Uzbek) language. This information may also be additionally provided in other languages