Article 3. Legislation of the Republic of Kazakhstan on asset recovery The Law on the Return of Illegally Acquired Assets to the State

Home / RLA / Article 3. Legislation of the Republic of Kazakhstan on asset recovery The Law on the Return of Illegally Acquired Assets to the State

1. The legislation of the Republic of Kazakhstan on asset recovery is based on the Constitution of the Republic of Kazakhstan and consists of this Law and other regulatory legal acts of the Republic of Kazakhstan.

2. International treaties ratified by the Republic of Kazakhstan have priority over this Law. The procedure and conditions of operation in the territory of the Republic of Kazakhstan of international treaties to which the Republic of Kazakhstan is a party are determined by the legislation of the Republic of Kazakhstan.

3. Legal relations regulated by the legislation of the Republic of Kazakhstan on asset recovery are not subject to the legislation of the Republic of Kazakhstan on public procurement regarding the acquisition by the authorized body for asset recovery.:

1) special software (licensed software) in the field of analysis, synthesis of documents (information), data analysis assistance and other software and hardware;

2) assessment, audit, professional legal and other (consulting) services related to: search, collection, processing and analysis of information on the origin of assets; international legal cooperation on asset recovery;

3) services for the preparation, presentation and support in foreign courts and other competent authorities of foreign states of civil lawsuits and other procedural documents related to the establishment of legal status, legal affiliation, ownership of assets to be returned to the state, as well as the return of such assets;

4) representation services in courts and other competent authorities and organizations of foreign states, and international organizations on asset recovery in foreign and international courts (arbitrations);

5) audit services, assessment of assets to be returned.

This Law, in the interests of current and future generations of Kazakhstanis, regulates public relations to identify and return illegally acquired assets to the state (hereinafter referred to as asset recovery) in order to restore the violated rights of the people of Kazakhstan, ensure the rule of law, social justice, and sustainable economic and social development of Kazakhstan for the benefit of its people.

President

Republic of Kazakhstan

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