GRATA Legal Digest, November 2022

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GRATA Legal Digest, November 2022

November 2022

It has become much more expensive to develop deposits in Kazakhstan. What will happen to jobs?

Read more (in Russian)→

Table of contents
Cyprus
Kazakhstan
Mongolia
Uzbekistan

Reminder. Upcoming events

In the age of rapid development of information technology, the importance of protecting the personal data of citizens comes to the fore. In many countries, the protection of personal data is regulated by national legislation, and liability up to criminal liability is provided for the dissemination of personal data without the consent of the subject.

Given the importance of this topic, especially for employers, GRATA International decided to hold an online conference on the "Features of working with personal data of employees in the following jurisdictions: Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Uzbekistan".

Date: 8 December 2022.

Time: 7 AM CET time.

Language of the conference: Russian and English.

The conference will start in:

Register here →
Programme →

On December 14, 2022GRATA International Kazakhstan, Cyprus, Russia will hold a webinar on the “Redomiciliation of holding companies from Cyprus and other offshore jurisdictions to AIFC” in an online format.

🕚 Time: 9:00 AM CET time.

The webinar will be held in Russian (partially in English).

The moderator will beVyacheslav Khorovskiy, Managing Partner of GRATA Moscow.


Participation: free.


The  program includes:

Speaker: Vyacheslav Khorovskiy, Managing Partner of GRATA Moscow
1. Introduction and motivations to consider alternative jurisdictions for holding companies incorporated in Cyprus and other offshore jurisdictions.

Speaker: Nasos a. Kyriakides, Managing Partner of GRATA Limassol.
2. Redomiciliation to and out of Cyprus

Speaker: Liya Akzhanova, Partner of GRATA Astana.
3. AIFC: rules and benefits.Speaker:

Speaker: Aruzhan Aimak, Counsel of GRATA Astana.
4. Redomiciliation to from Cyprus to the AIFC procedures and relevant requirements.

5. Question-Answer section.

What will you get 💡

  • Acquaintance with new opportunities for holding companies;
  • Practical Knowledge;
  • Networking.


This webinar will be of interest 👇

  • practicing lawyers;
  • auditors;
  • international tax consultants;
  • companies CEOs and CFOs.

The webinar will start in:

Register here →

News and insights from GRATA International 

Cyprus

Relocation to Cyprus

There are many reasons for moving to Cyprus.  Expats and locals get to enjoy the Mediterranean climate on the island. Hot summers with temperatures reaching up to 33°C, contrasted by mild winters, sound like a Mediterranean dream come true. Even better, the sea temperature can be as high as 27°C at the height of summer, which makes a stay at the beach or a swim in the sea all the more enjoyable.

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News of Cyprus

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Kazakhstan

The Insolvency Review: Kazakhstan

Kazakhstani legislation regulates insolvency of legal entities and individual entrepreneurs. Insolvency of private individuals has been considered by local legislators since 2014 but has not yet been introduced.

Legal entities and individual entrepreneurs are subject to the same regulation. Therefore references in this chapter to the insolvency of legal entities shall be considered as references to both legal entities and individual entrepreneurs, unless otherwise provided herein.

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News of Kazakhstan

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Mongolia

Legal regulation on mergers and acquisitions in Mongolia

Mergers and Acquisitions refer to establishment of a new company by consolidation of companies (Merger), or uniting another company by purchasing it (Acquisition) through financial transactions between those companies.

Mergers & Acquisitions is carried out by companies for the purpose of covering their operational capital gaps and expanding their operations. The primary goal of this method is to buy time, because of the priority of speed and time in business than anything else, so using this business solution is a very optimal, time-efficient choice.

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News of Mongolia

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Uzbekistan

Uzbekistan adopts a new Law on Standardization

The President of the Republic of Uzbekistan signed the Law “On Standardization” No.ЗРУ-800 dated November 3, 2022 (the "Law No.ЗРУ-800"), which is aimed at regulating relations arising in the development, adoption and application of standards and relevant standardization documents, as well as the implementation of state control in the sphere of standardization.

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News of Uzbekistan

The Labor Code of the Republic of Uzbekistan has been adopted in a new edition

Uzbekistan withdraws a number of requirements regarding the activities of commercial organizations

Uzbekistan simplifies state regulation of entrepreneurial activities

Uzbekistan introduces digital labeling for water and soft drinks

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All publications →

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