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.

25 October 2011

On October 25, 2011, Kalikova & Associates Partner Ulan Tilenbaev attended the “Capital Market: Challenges and Perspectives” Kyrgyz-Kazakh investment forum. The forum participants discussed the issues of cooperation between Kyrgyz businesses and funds of direct investments that are currently created by international investors? In particular, by Kazyna Capital Management JSC (Kazakhstan). The forum participants have been informed about strategy for investment activities of the Governmet of Kyrgyzstan, results of assessment of business environment in Kyrgyzstan through the eyes of investors currently working in the country. The forum participants have also been presented the information about criteria for projects selection and terms of funding of the to-be-established Kyrgyz-Kazakh Investment Fund (KKIF).

11 May 2011

Kalikova & Associates recommends lawyers to take part in the 6th Forum of CIS Law Firms to be held on June 22-24, 2011 in Almaty with support of the leading Kazakh law firm Aequitas. The Forum will be attended by the managing and senior partners of the best law firms in CIS countries, partners of the leading international law firms and senior in-house lawyers of international companies operating in CIS.

Full information on the Forum and registration forms can be found at this website, also containing the Forum’s mission and goals, detailed information about previous forums including their programs, lists of delegates and guests, biographies and presentations of moderators and speakers.

If you have any questions, please feel free to contact the Forum coordinator Lilya Gokiely at or by phone + 380-50-330-5263.

28 April 2011

An article «Nationalization as Legal Institute and Political Tool in Kyrgyzstan» written by Kalikova & Associates lawyers Pamira Sainazarova and Magomed Saaduev, was published on information and analytical portal The article addresses a theory and practice of nationalization in Kyrgyzstan, legislative regulation of the institute of nationalization and its practical application. The full text of the article in Russian and English can be found here.

28 April 2011

Who’s Who Legal, an authoritative publication making research in 30 areas of commercial law since 1996 and an official partner of the International Bar Association, has announced a top list of the most recommended international and local law firms and lawyers in CIS countries. According to research of 2011, Kalikova & Associates Law Firm was ranked among the top laws firms in CIS countries.

According to Who’s Who Legal, professionalism and «talented team» of lawyers of Kalikova & Associates law firm are “widely recognized” by clients, analysts and independent experts. Our lawyers are recommended in many areas of law and practice such as project financing, mergers and acquisitions, mining/oil and gas industry, banks and finance, intellectual property, tax law, international arbitration, competition and antimonopoly law, etc. 

In the area of M&A, Gulnara Kalikova is recommend as «one of the best in Kyrgyzstan for her excellent practice». According to the publication, she “is incredibly well thought of” in project financing.

Who’s Who Legal recommends Ulan Tilenbaev as a counsel who «provides sound legal advice to financial institutions». He is also «the best in Kyrgyzstan for real estate and construction».

Aicholpon Jorupbekova is «highly recommended from Kalikova & Associates» in the mining sector and is noted as an expert who «is very hands on and provides shrewd advice» in the oil and gas sector.

Maksim Smirnov is noted as «exceptional at Kalikova & Associates» in the tax law and is «a leading light» in the area of «trade and customs policies».

Intellectual property practice group is remarkable for having two talented professionals: Omurgul Balpanova, who «has an exceptional reputation for corporate and disputes-related IP work» and Aisulu Chubarova, who «is noted for high-calibre contracts and copyright work».

Omurgul Balpanova is rated as «world class for IP and corporate disputes work» in the area of «commercial disputes» and is recommended as «first rate in the area of IP related employment matters» in the area of labor and employment.

Nurbek Sabirov «is well regarded as an arbitror at the International Court of Arbitration under the Chamber of Commerce & Industry of the Kyrgyz Republic». He also «specializes in natural resources and contract disputes and is hailed as brilliant by peers».

Karlygash Ospankulova «occupies a similarly esteemed position at the top of our research in Kyrgyzstan» in the area of «competition and antimonopoly law». Alexander Ahn «provides highly knowledgeable banking practice».

Kalikova & Associates is extremely proud of such high evaluations of its staff.

Note: Who’s Who Legal makes research in 30 areas of commercial law since 1996 and is an official partner of the International Bar Association. Who’s Who Legal is a reliable source of information for the companies looking for confirmation of lawyers’ reputation.

21 April 2011

On April 21, 2011 Kalikova & Associates lawyers Nazik Satkeeva and Maksim Smirnov jointly with the Ministry of Labor, Employment and Migration of the Kyrgyz Republic (Labor Ministry) conducted a seminar on foreign employment in the territory of the Kyrgyz Republic. The seminar participants discussed the requirements of the migration legislation in respect of foreign employment, inconsistencies, inaccuracies and gaps in the migration legislation, work permit procedures, and problematic issues arising in connection with work permits. They also shared opinions and posed questions to the representative of the Labor Ministry.

15 April 2011

On April 15, Kalikova & Associates lawyers jointly with the Mining Committee of the International Business Council, Kyrgyz Mining Association and Mining Guild, conducted the round table on stakeholders/community engagement. At present, one of the most urgent tasks faced by the Kyrgyz mining sector is to establish efficient communication between mining stakeholders and local communities. The growing number of open conflicts with local residents requires mining companies to join their efforts and experience to develop general policies on corporate social responsibility based on international standards and practice. The round table discussion enabled the companies engaged in prospecting, exploration and mining of mineral resources in the Kyrgyz Republic to share information about existing problems faced by mining companies in their relations with local communities, to share experience in solving these problems and to identify new directions of the public outreach programs.

13 April 2011

On April 12 and 13, 2011, Kalikova & Associates lawyers Omurgul Balpanova and Saodat Shakirova took part in the workshop on the issues raised by the Standing Committee on the Law of Patents organized by the World Intellectual Property Organization with support of the State Intellectual Property Service of the KR (Kyrgyzpatent). The participants of the workshop discussed the issues of concern in the field of patent system, patent opposition system, confidential client-attorney relations, technologies transfer. The workshop was attended by the members of the KR Parliament, Government, international patent experts, patent attorneys and inventors.

18 March 2011

On March 18, 2011, Kalikova & Associates lawyers Alexander Ahn, Magomed Saaduev, Albina Rakhmidinova held a seminar for members of the Chamber of Commerce and Industry of the Kyrgyz Republic. The seminar was dedicated to topical issues of credit relations such as methods of securing obligations, legal and political risks of defaults, judicial and non-judicial foreclosure of secured property, etc. The seminar was attended by the representatives of banks, micro credit and other organizations.

18 March 2011

On March 18, 2011 Kalikova & Associates lawyers Omurgul Balpanova, Saodat Shakirova, Aisulu Chubarova took part in the presentation of the specialized multi-site web portal ( on various aspects of IP protection in Central Asia counties, organized by the open association “Business Intellect Group” jointly with the State Intellectual Property Office of the Kyrgyz Republic (Kyrgyz Patent).

Kalikova & Associates senior lawyer Aisulu Chubarova told about the structure of the web portal and demonstrated to participants of the presentation how the Internet resource works.

This portal is the first specialized IP data portal in Central Asia. At present, the data portal page ( is operating in Kyrgyzstan and ( in Uzbekistan.

14 March 2011

On March 14, 2011 Kalikova & Associates senior lawyer Nurbek Sabirov took part in the meeting of IBC: «Economic development and business in the parliamentary democracy environment». The meeting was organized on the initiative of the Prime Minister of the Kyrgyz Republic Almazbek Atambaev. Nurbek Sabirov’s presentation included proposals to ensure transparency of the judicial system, to facilitate the institute of private court orders and responsibility of public officials for taking illegal acts, and to promote arbitration courts, which can be used as instruments to help state courts cope with heavy caseloads of civil and commercial disputes.



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