Interpretation of the Principle of Stability Applicable to the Terms Governing Subsoil Use in the Context of Legislation of the Republic of Kazakhstan
Nurzhan Kakimov, First Level Lawyer, Karachaganak Petroleum Operating B.V. , Kazakhstan
On December 27, 2017, the President of the Republic of Kazakhstan signed the Code on Subsoil and Subsoil Use (hereinafter - the Code). According to the transitional period provisions, the Code came into force after six months after its publication. From the day the Code entered into force, the prior Law of the Republic of Kazakhstan “On Subsoil and Subsoil Use” (hereinafter - the Law On Subsoil and Subsoil Use) dated June 24, 2010 loses its force except for its individual provisions stipulated by paragraph 14 of Article 277 of the Code.
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