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KAZ-1995-R-50863
Breadcrumb
Title_of_text
Decree of 23 December 1995 on Privatization.
Main Region
First Region
Country(ies)
Kazakhstan
Subjects (Classification)
Economic and social policy
Adopted on (Date of text)
1995-12-23
Scope of text
National
Type of legislation (Type of text)
Regulation, Decree, Ordinance
Second Region
Abstract/Citation
Privatization is defined as the sale of State property by its owner, the State, to private owners who may include Kazakh and foreign individuals and companies. In order to prevent renationalization of privatized State property, the decree prohibits companies in which the State owns more than 20 percent of the shares from participating in the process of privatization. Transparency and competition are the basic principles of the privatization process. The principal privatization methods include auction, tender and direct sale. Disputes arising from the privatization process are subject to the jurisdiction of the Kazakh courts.
Entry dates region
Date of entry into force
1996-01-01
--
Repealed Text region
Repealed text(s)
1991-07-01 (SUN-1991-L-27671)
Loi de l'URSS sur les principes fondamentaux de la dénationalisation et de la privatisation des entreprises.
Repealed text(s)
1991-07-01 (SUN-1991-L-27671)
Loi de l'URSS sur les principes fondamentaux de la dénationalisation et de la privatisation des entreprises.
Serial region
Serial title
Russia and the Republics Legal Materials
Date
1998-06
Number
No. 47
Page range
pp. 3-11