PwC Eurasia Legal Newsletter - November 2022

PwC Legal provides a broad range of legal services in Armenia, Azerbaijan, Georgia, Kazakhstan, Mongolia and Uzbekistan, which are complementary to our Assurance, Advisory and Tax practices. Below we outline significant legislative changes for November in these countries.

Kazakhstan

• The President signed the Constitutional Law “On Constitutional Court” 
• The Mazhilis accepted for consideration the draft law simplifying procedures for resolution of labor disputes and conflicts
• The Mazhilis accepted for consideration the draft law, stipulating changes in support of use of renewable energy sources
• The Mazhilis accepted for consideration the amendments to the Code “On Subsurface and Subsurface Use”
• Amendments were introduced to the Market Abuse Rules

Azerbaijan

• Amendments to the Labor Code were introduced

Georgia

• Draft Law on ‘De-oligarchization’
• Monitoring the compliance of auditors and audit firms with legal requirements
• Orders of the Head of the National Bank regulating the activities of commercial banks

Mongolia

• Mongolia plans to revise the Law on Non-Banking Financial Activities
• Draft law on Public-Private Partnership is being discussed
• Mongolia adopted General guidelines on monetary policy for 2023

Armenia

• The Government has approved the initiative to amend and supplement the Law on state support for companies operating in information technologies, as well as in the Tax Code
• Supplements were made to the Law of on Aviation, which are related to the expansion of obligations of the carrier towards passengers
• The Government has approved the initiative to supplement a number of laws, which are aimed to regulate e-commerce, profit tax payment by individual entrepreneurs

Uzbekistan

• The President approved the new Labour Code
• The President signed the Law on Standardization
• Digital labeling of water and soft drinks is being introduced