GRATA Legal Digest, June 2022

Newsletter Archive
GRATA Legal Digest, June 2022

June 2022

Dear clients, friends, partners,

We are glad to inform you that for the convenience of working with clients, GRATA International Almaty has moved to a new location.

The office is located at the address: Esentai Tower Business Center, Al-Farabi Avenue 77/7, 10th floor, 050040.

Now we are much closer to you and to the city center.

We will be glad to see you at our new home!

Table of contents
Belarus
Kyrgyzstan
Moldova
Mongolia
Uzbekistan

Upcoming event of GRATA International 

On July 14, 2022, a webinar: "Opening a business in Armenia" will be held.

Time: 11:00-12:00 (Yerevan time).

Language is - English.

Webinar speaker will be Nune Hayrapetyan.

Nune focuses on merger and acquisition deals, also specializes in administrative disputes with regulatory state institutions and actively consults regarding the legal issues in the sphere of construction.

Together with the professional practice is actively involved in scientific activity and teaching. She holds a teaching position at the Chair of Criminal Law of Yerevan State University.Is the author of 4 scientific articles.

During the webinar, Nune will cover the following questions:

1. Establishment of a company in Armenia (including the establishment of a subsidiary by a Russian or foreign company);

2. Taxation of business in Armenia;

3. Features of migration policy and registration of labor relations with foreign citizens.

The webinar may be of interest to business owners who wish to learn about the opportunities and regulation of entrepreneurial activity in Armenia.

Participation is free.

Registration →

News and insights from GRATA International 

Belarus

Foreign cash settlement under foreign exchange contracts providing for export

In June 2022, a joint resolution of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus dated 07.06.2022 No. 363/13 was adopted in Belarus, which provided for the possibility of cash settlement (US Dollars, Euros, Chinese Yuan) under foreign exchange contracts providing for export, concluded between two legal entities, resident and non-resident.

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News of Belarus

Remote identification of non-residents when a current settlement (bank) account is opening.

Electronic remote sale of goods

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Kyrgyzstan

On determination of the procedure for procurement by state and municipal enterprises

In order to streamline the procurement system of state, municipal enterprises and business entities with a state share of participation, the Cabinet of Ministers of the Kyrgyz Republic in its Ruling dated June 10, 2022 No.30 approved the standard procedure for organizing and carrying out purchases by state and municipal enterprises, business entities where 50 percent or more of the share in the authorized capital belongs to the state, including their subsidiaries, which determines the framework provisions for the organization and procurement of goods, works and services by these entities.

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News of Kyrgyzstan

On approval of the digital som concept

On the signing of the Decree "On improving the civil aviation management system and measures to develop aviation communications in the Kyrgyz Republic"

On Approval of the Procedure for Identification of Mobile Communication Devices

On Amendments to the Law of the Kyrgyz Republic "On the Licensing and Permit System in the Kyrgyz Republic"

On the ratification of the Protocol on Amendments to the Treaty on the Eurasian Economic Union on May 29, 2014, signed on February 8, 2021 in Moscow

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Moldova

The six packages of sanctions imposed by EU on Russian Federation

One of the instruments the EU is using to bring about changes and expert pressure on Russia to stop its military attack on Ukraine are sanctions. Sanctions are instruments of foreign policy and are based on Article 29 of the Treaty of the European Union.

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News of Moldova

US sanctions in the context of Russia's invasion of Ukraine

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Mongolia

Corporate governance code has been updated

In order to develop corporate governance practice in Mongolia, the Financial Regulatory Commission /the “FRC”/ approved the Corporate Governance Code (hereinafter “the Code”) in 2007 for the first time and revised it later in 2014. Under these Codes, public or joint-stock companies whose shares are freely traded on the Stock Exchange had been undertaken to follow this Code mandatorily, while limited liability companies and other legal entities were recommended to use the Code as optional.

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News of Mongolia

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Uzbekistan

Uzbekistan sets zero rates for customs duties on some goods

In accordance with the Decree of the President of the Republic of Uzbekistan “On additional measures to ensure price stability in consumer markets and increase the effectiveness of antimonopoly measures” No. УП-145 dated May 31, 2022 from May 1, 2022 to January 1, 2023.

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News of Uzbekistan

Uzbekistan adopts new Law on Advertising

Uzbekistan approves procedure for reimbursement of costs for creating infrastructure for investment projects

Uzbekistan introduces changes to the procedure for considering cases in economic courts

Draft Entrepreneurship Code is brought up for discussion in Uzbekistan

Uzbekistan has taken measures to improve the efficiency of special economic zones

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Healthcare system is one of the world’s largest and fast-growing domains, and due to its vital importance for humankind, in pursuit of solutions, it is subject to changing regulations. Our knowledge of the local business environment and clear understanding of practical challenges and needs help us to be truly adding value for our clients at all stages of the projects, providing them with viable and legally robust solutions.

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