VOL. XLVI

No 4

27-January-2003

CASPIAN

Kazakstan Adopts New Investment Law

President Nursultan Nazarbayev of Kazakstan has signed a new investment law designed to amend various terms included in contracts made with foreign companies during the 1990s. Foreign companies operating in Kazakstan have expressed their opposition to the new law, fearing it will entail changes in existing contracts. However, the law, passed by the Kazak parliament in December and signed recently by President Nazarbayev,...