OCTOBER: The head of state signed the draft Entrepreneurial Code
On 30th of October 2015 the President of the Republic of Kazakhstan N.A. Nazarbayev signed the draft Entrepreneurial Code of Kazakhstan.
The Law "On Competition" lost its power with the adoption of the Code and the provisions of the old law were copied to the section of the new Code "Economic Competition".
As a result of heated debates with the active participation of NCE RK "Atameken", the draft of the entrepreneurial code includes a number of novelties aimed at improvement of legislation in the field of protection of competition, in particular, changes in the criteria for determining the dominant position of market participants, phase by phase elimination of the register of market participants with a dominant or a monopolistic position and their reporting system, introduction of the notification institution, introduction of conciliatory committee, adjustment of the concept of "cartel" to the Model Law on Competition, the transformation of the activities of the competition authorities.
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