ANNOUNCEMENT 01 Mar 2011In March 2011, the government of Kazakhstan announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
1 2011 413-IV ? ? ( 24.11.2015 .)
On 1 March 2011 the Government of the Republic of Kazakhstan approved Law No- 413-IV "On the State Property". Its article 177 provides for the possibility for an introduction of a golden share in a company. It can be owned by the Government or by a private shareholder and gives a right to a veto with regard to decisions of the general shareholder meetings, the Board of Directors and the executive body of the company (see the attached source WT/ACC/KAZ/93) .
The representative of Kazakhstan in the WTO (see the attached source WT/ACC/KAZ/93) has clarified that at present, the Government of the Republic of Kazakhstan did not own any such share.