The following Competition practice note produced in partnership with Sayat Zholshy & Partners provides comprehensive and up to date legal information covering:
A conversation with Amir Begdesenov, partner at Kazakhstani law firm Sayat Zholshy & Partners, on key issues on merger control in Kazakhstan.
NOTE–to see whether notification thresholds in Kazakhstan and throughout the world are met, see Where to Notify.
On 29 June 2020, the Law On Amendment of Certain Legislative Acts of the Republic of Kazakhstan Concerning the Improvement of Business Environment (the Law) amended the Entrepreneurial Code of the Republic of Kazakhstan (the Code), which was adopted on 29 October 2015.
The Law abolished the requirement to submit certain documents when seeking consent to merger transactions.
Further, at the beginning of September 2020, Kazakhstan President Kassym-Jomart Tokayev addressed the people of the Republic of Kazakhstan at a joint sitting of the Parliament chambers when he instructed the Government to set up an agency for protection and development of competition that would be accountable directly to the President.
It is expected that such strengthening of the antitrust authority will revive the institution, including its transaction monitoring function.
In terms of 'hot' issues, the following important issues should be noted when filing an application for an ‘economic concentration’ consent:
the Agency and laws require an unreasonably large scope
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