Kazakhstan - Conflict Of Interests: Director Vs. LLP Interests.

February 7, 2024 by Rohin Pujari

In a contemporary business environment, ethical compliance and compliance with corporate governance norms are topical issues for the efficient operation of enterprises. This article reviews the mechanism for managing conflicts of interest in limited liability partnerships (LLPs), primarily in relation to directors as sole executive bodies or members of the collegial executive body. The legislation is unclear about the activities covered by prohibiting competition for directors. Does court practice address the recognition of activities as competitive?

WRITTEN BY

For further information, please contact:

Ayana Unerbayeva – Partner, Unicase Law Firm,
ayana.u@unicaselaw.com

About

Ayana is a Partner at Unicase and a Head of Tashkent office. She has more than 10 years’ experience in advising corporate practice clients, including mergers and acquisitions, domestic and international corporate finance, IPOs, private equity, joint ventures, public takeovers, corporate governance, restructuring, and insolvency. Ayana has a profound track record in many industries such as corporate law and M&A, finance and securities.

Ayana has significant experience in conducting complex due diligence of oil and gas and mining companies, implementing acquisitions and disposals, including transactions governed by foreign law. She works across a wide spectrum of corporate issues, advising on optimal investment and corporate vehicles to meet Clients’ particular needs and protect their interests. Recently, Ayana has been advising clients in energy, PPP and infrastructure projects related to the Uzbekistan jurisdiction.

Ms Unerbayeva is a member of Kazakhstan Bar and Kazakhstan Lawyers’ Associations, with a brilliant LLM in Banking and Financial Law from Boston University, MA, and an outstanding LLB from Al-Farabi Kazakh National University.