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  • Kazakhstan protected rights of legal entities amounting to over 240 bln tenge
28 January, 2015 13:32

Kazakhstan protected rights of legal entities amounting to over 240 bln tenge

Speaking during the CCS briefing, judge of the Supreme Court of Kazakhstan Nurzhan Kaiypzhan has announced that rights of legal entities, including foreign investors, for the sum totaling more than 240 billion tenge have protected over the past 6 years in Kazakhstan.
Kazakhstan protected rights of legal entities amounting to over 240 bln tenge | Strategy2050.kz

“According to analysis of administrative cases held by the Supreme Court, over the past 6 years in Kazakhstan judicial acts have protected rights of legal entities, including foreign investors, for the sum totaling more than 240 billion tenge. For comparison, only about 40 billion tenge have recovered in profit of state,” he stated. 

Besides, for 2014 the courts of first instance granted 41% of all applications on disputed decisions of the state bodies and officials.

“Nearly one-third disputed actions of tax and customs authorities deemed illegal. That's a pretty high figure, considering the practice of foreign countries,” the judge noted.

Indira Kaumetova

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