April 5, 2021
Investment disputes are now subject to the jurisdiction of the specialized interdistrict economic court of the city of Nur-Sultan
On March 20, 2021, the President of Kazakhstan signed the law “On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on the Modernization of the Judicial System”.
Thus, consideration of civil cases in investment disputes, as well as claims of state bodies against investors related to the investor’s investment activities, with the participation of:
– a foreign legal entity (its branch, representative office) carrying out entrepreneurial activity on the territory of the Republic of Kazakhstan;
– a legal entity created with foreign participation in the manner prescribed by the legislation of the Republic of Kazakhstan, fifty or more percent of voting shares (stakes in the authorized capital) of which belong to a foreign investor;
– investors in the presence of a concluded contract with the state for investment
now belong to the jurisdiction of the specialized interdistrict economic court of the city of Nur-Sultan.
