Kazakhstan’s new Rehabilitation and Bankruptcy Law

The new law extends the grounds for shareholders’ liability and invalidation of transactions.

On 26 March 2014, the new Rehabilitation and Bankruptcy Law (the New Law) took effect in Kazakhstan. The New Law supersedes the Bankruptcy Law adopted in 1997 (the Old Law).

Filed under:
Kazakhstan, Insolvency & Restructuring, Morgan, Lewis & Bockius LLP, Bankruptcy, Debtor
Authors:
Aset A. Shyngyssov , Yerke Alikhanova
Location:
Kazakhstan
Firm:
Morgan, Lewis & Bockius LLP