Arbitration as the Method of Settlement of Investment Disputes against the Kyrgyz Republic
AKIpress Analytics section, March 19, 2013

The Kyrgyz Republic has already participated in several arbitration proceedings. Therefore, it might be reasonable to analyze peculiarities of legal regulation of arbitration in the KR, the causes and consequences of arbitration disputes and make relevant conclusions…

What risks foreign investors should take into account while investing into the Kyrgyz mining sector,
The Times of Central Asia, March 1, 2012.

Overview of Anti-Corruption Laws in Kyrgyz Republic,
Comparative Summary of Anti-Corruption Laws in the CIS Economic Region, 2011,
The CIS Leading Council Network.

What a foreigner should know about tax regime in the Kyrgyz Republic?
The Times of Central Asia, publication expected.

Kyrgyzstan is not an offshore zone and does not provide tax exemptions, but the rates of many of them are not very high.

20 February 2015

On February 20, 2015 at the meeting of the Government of the Kyrgyz Republic, members of the Cabinet of Ministers approved the medium- and long- term mineral development strategy of the Kyrgyz Republic. During the meeting, Prime Minister Djoomart Otorbaev emphasized on the high quality of the drafted document.

On March 31 2014, the Kalikova & Associates teamed with a consortium of experts has completed work on drafting the Strategy administered by the Kyrgyz Mining Association that was commissioned by the Ministry of Economy of the Kyrgyz Republic and with the technical support of USAID reform. Lawyers of Kalikova & Associates have developed recommendations for improving Kyrgyz mining law, including the issues associated with mining licensing, state assessment of mining and geological projects, pretrial dispute resolution.

17 February 2015

Kalikova & Associates Partner Maksim Smirnov takes part in the event to be held in Moscow from 17th to 21st of February. The main purpose of the event is to build cooperation between sewing companies of Russia and Kyrgyzstan. The event is organized by Deloitte Consulting with support from USAID.

Maksim Smirnov will give a presentation on the legal aspects of doing business in Kyrgyzstan, including currency, tax and customs regulations and upcoming entry of Kyrgyzstan into the Eurasian Economic Union.

14 January 2015

Kalikova & Associates is pleased to announce the appointment of Nurbek Sabirov and Magomed Saaduev as Partners with effect from January 2015.

Nurbek Sabirov heads the firm's Litigation & Arbitration Practice Group. He has significant experience representing clients in commercial and civil litigation and international arbitration matters. He is a listed arbitrator with the International Court of Arbitration under the Chamber of Commerce and Industry of the Kyrgyz Republic, the International Court of Arbitration under the Chamber of Industry and Commerce of the Republic of Kazakhstan, the Riga International Commercial Arbitration Court, and the Georgian International Arbitration Centre. He is a member of the Chartered Institute of Arbitrators (MCIArb). Nurbek graduated from the Kyrgyz National University. He is licensed to practice as a defense attorney.

Magomed Saaduev heads the firm’s Corporate & Capital Markets Law Practice Group. He also has vast experience counseling and representing clients on electricity and environmental law matters as well as participating in efforts on drafting amendments to civil and antitrust laws of the Kyrgyz Republic. Magomed graduated from the Kyrgyz Russian Slavic University. He is licensed to practice as a defense attorney.

15 December 2014

On December 10, 2014 Managing Partner of Kalikova & Associates Ulan Tilenbaev, participated in the Central Asian Internet Symposium on "Perspectives for the development of the Internet in the Kyrgyz Republic" that took place in the Kyrgyz Republic for the first time. The event was organized by the National Institute for Strategic Studies of the Kyrgyz Republic, Internet Society (ISOC), National Centre for Information Technology and Central Asian Research Education Network CAREN.
Professionals in the field of modern information technologies from Europe and the Kyrgyz Republic attended the symposium. The main program of the symposium was creating favorable opportunity for development at the local level, as well as providing a platform for the development of a sustainable infrastructure of the Internet.
"The Kyrgyz Republic has background for the development of the knowledge economy", - said the Director of the National Institute for Strategic Studies of the Kyrgyz Republic, - "Our goal is to bring great benefit to the citizens of the Kyrgyz Republic and become a high-tech center for online communication and virtual movement of services”.

03 December 2014

Kalikova & Associates lawyers jointly with the Association of civil aviation enterprises of Kyrgyz Republic and Civil Aviation Agency of Kyrgyz Republic under the Ministry of transport and communication of Kyrgyz Republic with the support of USAID REFORMA project participate in the process of development of draft new Air Code of the Kyrgyz Republic

On June 30, 2014 was establish a working group for development of draft Air code consisting of representatives of Agency, air operators and lawyers of Kalikova & Associates. The working group started the work based on the draft Air Code developed by international expert, a representative of consulting company Integra, Mr. Karsten Theil.

As a result of work on November 24, 2014 has been approved and passed to the Agency the final version of draft Air Code for further distribution and organization of public discussion with all interested persons, entities and state authorities.

03 November 2014

As part of its initiative to support the development of the new generation of legal professionals Kalikova & Associates announces its annual scholarship program among students of law schools. The Firm offers scholarships of 10,000 soms to the 3 finalists of the program and an opportunity to undergo up to 3 months of internship at Kalikova & Associates.

More information about the program you may find by the following link.

31 October 2014

On October 31, 2014, the Government of the Kyrgyz Republic in association with the Arab Coordination Group held the roundtable for the Arab development funds to present 23 energy, transport & communications, health, education, agriculture and melioration investment projects worth USD 1.131 billion.

The head of the Kyrgyz Government noted that "The proposed projects are considered as top priority in Kyrgyzstan which undergoes transition and is interested in developing technical cooperation and sharing experience and knowledge with the members of the Arab Coordination Group."

The Arab Coordination Group delegation comprised representatives of the Islamic Development Bank, the Saudi Fund for Development, the OPEC Fund for International Development, the Abu Dhabi Fund for Development, the Qatar Development Fund and the Kuwait Fund for Arab Economic Development.

Kalikova & Associates was represented by Ulan Tilenbaev, Managing Partner.

28 October 2014

Kalikova & Associates representatives, Nurbek Sabirov and Ermek Mamaev, participated in a two day Training Program “International Practices of Arbitration and Dispute Resolution. The Role of the Investment Treaties”, during which the issues of international law, common practice of arbitration and disputes settlement with investors, investments treaties to which the Kyrgyz Republic is a party, etc. were addressed.

The Training Program was delivered by the Columbia Center on Sustainable Investment (CCSI), Jones Day Law Firm with the support of the GIZ Mineral Resources for Development Program.

23 October 2014

On October 23, 2014, Kyrgyz Parliament passed an act introducing amendments to the Investment Act, Tax Code, Non-tax Payments Act, and Social Security Tariffs Act. The proposed amendments define the meaning and scope of application of the stabilization regime.

Stabilization regime means that in the event of making changes or additions to the investment, tax, customs, or non-tax payments legislation within 10 years from the date of signing the stabilization agreement with the Government, the investor shall have the right to choose the most favorable legal regime for payment of taxes, including the value added tax, but excluding other indirect taxes, non-tax payments (except the fees charged for public services) and customs payments (except customs charges). The investor may exercise the right to claim stabilization of the legal regime in the following cases:

а) if it invests within 3 years from the date of signing the stabilization agreement in the charter capital of the investee enterprise by increasing the number of outstanding shares by the amount denominated in Kyrgyz soms and equivalent to not less than USD 5 million at the NBKR rate as of the date of signing the stabilization agreement and in the investee enterprise itself;

b) if it invests during its mineral exploration, prospecting, search, or mining operations, within 5 years from the date of signing the stabilization agreement, in the capital of the investee enterprise, including the charter capital of the investee enterprise, by increasing the number of outstanding shares or by increasing the charter capital by the amount denominated in Kyrgyz soms and equivalent to at least USD 20 million at the NBKR rate as of the date of signing the stabilization agreement and in the investee enterprise itself.

The above amendments were drafted with the active participation of Kalikova & Associates and Kyrgyz Ministry of Economy staff.

20 October 2014

Employment law Guide has been developed by the lawyers of Kalikova & Associates in co-authorship with Vyacheslav.Georgievich.Breivo. The guide provides basic information on key legal issues commonly facing employers and employees in the course of employment such as hiring, work and rest time, salary, termination of employment, etc.

It is planned that the information will be updated if and when Kyrgyz labor legislation is amended. Due to its limited scope the Guide does not contain the detailed or complete information and does not substitute the Labor Code of the Kyrgyz Republic.

 

 

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