Schmidt Kranz GHH Kazakhstan LLP supports and develops the plastics and synthetic resin industry in Kazakhstan. The Client is a subsidiary of the German Group based in Gelsenkirchen, which designs and manufactures loaders, dump trucks, and scalers for the hard and soft rock mining, and for tunnelling Industry.
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GHH

We rendered full legal support to the Client and changed its foreign shareholder's name in the country of registration. Due to global restructuring of the Group, the Client’s shareholder has changed its name to comply with the new structure. The Team assisted GHH with drafting amendments to the constituent documents of the Kazakhstan-based company, collecting all relevant documentation as well as ancillary advice and support, which included re-registration of the foreign shareholder as a taxpayer in the Republic (a requirement of the tax legislation in such cases). According to the regulations, the name change should be completed with the registration authorities notice. For this purpose, the Unicase assistance included:
- notification process description;
- preparing the documents required;
- drafting a power of attorney for representatives and other documents;
- coordination of necessary meetings and signing of documents;
- notifications and advisory support when submitting the notification and related documents to the authorities.
In order to be able to operate in compliance with Kazakhstan legislation, the Client was obliged to notify state authorities regarding the change of name of its shareholder; otherwise, the activities in Kazakhstan may be paralysed.
Unicase made certain such a condition never came, and the operations went smoothly. The Team fulfilled all legal formalities related to the notifications and helped to avoid any breach of regulations in this respect.
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