LAW OF THE REPUBLIC OF KAZAKHSTAN

of February 20, 2012 No. 567-IV ZRK

About modification and amendments in some legal acts of the Republic of Kazakhstan concerning investments

Article 1. Make changes and additions to the following legal acts of the Republic of Kazakhstan:

1. In the Law of the Republic of Kazakhstan of January 8, 2003 "About investments" (Sheets of Parliament of the Republic of Kazakhstan, 2003, No. 1-2, of Art. 4; 2005, No. 9, Art. 26; 2006, No. 3, Art. 22; 2007, No. 4, Art. 28; 2008, No. 15-16, of Art. 64; No. 23, Art. 114; 2009, No. 2-3, of Art. 18; 2010, No. 5, Art. 23; The Law of the Republic of Kazakhstan of January 10, 2012 "About modification and amendments in some legal acts concerning the state support of industrial and innovative activities", published in the Egemen .aza.stan and Kazakhstan Truth newspapers on January 26, 2012):

Article 1 to state 1) in the following edition:

"Article 1. The basic concepts used in this Law

In this Law the following basic concepts are used:

1) component parts – the components in total constituting constructive integrity of processing equipment and included in the corresponding inventory constituted by the Commission of the Customs union;

2) the working program – the appendix to the investment contract determining the schedule of works on implementation of the investment project or the investment strategic project;

3) investments – all types of property (except the goods intended for private consumption), including objects of financial leasing from the moment of the conclusion of the agreement of leasing, and also the right to them put by the investor in the authorized capital of the legal entity or increase in the fixed assets used for business activity, and also made and the received fixed assets within the agreement of concession by the concessionary (legal successor);

4) authorized body on investments (further – authorized body) – the state body determined by the Government of the Republic of Kazakhstan according to the conclusion of investment contracts and control of their execution;

5) investment dispute – the dispute following from contractual commitments between investors and state bodies in connection with investing activities of the investor;

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