The joint Article of the Partner Askhad Koshkarbayev and the lawyer Lyudmila Kravtsova about a new concept of the License Area Transformation was published in the "Investors Voice"(magazine of the American Chamber of Commerce)
License area transformation is a relatively new concept in the subsoil use regime of Kazakhstan. It was introduced by the December 2014 amedments to the Law On Subsoil and Subsoil Use, Previously the Law regulated only the license area extension mechanism.
Oil and gas practitioners of Sayat Zholshy & Partners - Askhad Koshkarbaev (Partner) and Lyudmila Kravtsova (Lawyer) - tried to clarify the new legal provisions and to identify their strengths and weaknesses.
Original version of this article can be found by following the link.
The extended version in Russian can be found by following the link.